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Moana is looking to invest in a corporate bond that has a par value (face value) of $1000 bond. The bond has 10 years until

Moana is looking to invest in a corporate bond that has a par value (face value) of $1000 bond. The bond has 10 years until maturity and pays a coupon rate of 11%. If Moana's required rate of return on the bond is 7.9%, what price should Moana pay for the bond? (Please round your answer to the nearest dollar but exclude the $ sign when typing your answer.)

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