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Mary wants to purchase a 15-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her required yield

Mary wants to purchase a 15-year bond that has a par value of $1,000 and makes semiannual interest payments of $40. If her required yield is 10%, how much should Mary be willing to pay for the bond?(Round to the closest number)

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