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Lomack Company's bonds have a 1 0 - year maturity, a 1 0 % coupon, paid semiannually, and a par value of $ 1 ,

Lomack Company's bonds have a 10-year maturity, a 10% coupon, paid semiannually, and a par value of $1,000. The market interest rate is 6%, with semiannual compounding.
What is the bond's value (in $ )?
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