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Madison Inc just issued bonds with a par value of $1,000, an annual coupon rate of 3.4%, coupons paid semiannually, and a matunty of 11

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Madison Inc just issued bonds with a par value of $1,000, an annual coupon rate of 3.4%, coupons paid semiannually, and a matunty of 11 years? The bonds have a yield to maturity of 5,3% What is the price of these bonds? Enter your answer as a number with 2 decimal places of precision. Do not enter dollar signs or commas Do not enter your answer as a negative number

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