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Nesmith Corporation's outstanding bonds have a $1,000 par value, an 7% semiannual coupon, 7 years to maturity, and an 8% YTM. What is the bons's

Nesmith Corporation's outstanding bonds have a $1,000 par value, an 7% semiannual coupon, 7 years to maturity, and an 8% YTM. What is the bons's price? Round your answer to the nearest cent

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