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George's Peach Pie's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon interest payment of $70.00. The market

George's Peach Pie's bonds mature in 7 years, have a par value of $1,000, and make an annual coupon interest payment of $70.00. The market requires an interest rate of 7.0% on these bonds. What is the bond's price? (Round to two decimals)

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