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K&S Corporation bonds have four years remaining to maturity, have a par value of $1,000, and a coupon interest rate of 7% paid annually. Bonds

K&S Corporation bonds have four years remaining to maturity, have a par value of $1,000, and a coupon interest rate of 7% paid annually. Bonds with a similar risk profile are currently being issued at 6%. What is the bonds current market price?

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