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Nesnith Corporation's outstanding bonds have a $ 1 , 0 0 0 par value, a 9 % semiannual coupon, 7 years to maturity, and an

Nesnith Corporation's outstanding bonds have a $

1, 000

par value, a

9 %

semiannual coupon,

7

years to maturity, and an

11 %

YTM

.

What is the bond's price? Round your answer to the nearest cent.

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