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HTC, a Taiwanese company, has bonds outstanding with a 6.25% coupon and four years remaining until maturity. Since these bonds were issued, interest rates have

HTC, a Taiwanese company, has bonds outstanding with a 6.25% coupon and four years remaining until maturity. Since these bonds were issued, interest rates have increased. These bonds are now trading to yield 7.375%.

The market price today is $_______ per $1,000 face value.

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