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Morin Company's bonds mature in 10 years, have a par value of $1,000, and make semi-annual coupon payments and coupon rate is 4.3%. The market

Morin Company's bonds mature in 10 years, have a par value of $1,000, and make semi-annual coupon payments and coupon rate is 4.3%. The market requires an interest rate of 8.4% on these bonds. What should be the bond's fair market price?

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