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Golden Smith Co. issued 15-year bonds three years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments and have a par

Golden Smith Co. issued 15-year bonds three years ago at a coupon rate of 5.3 percent. The bonds make semiannual payments and have a par value of $1,000. What is the current bond price if the YTM on these bonds is 6.75 percent?

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