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Nungesser Corporation has issued bonds that have a 9 percent coupon rate, payable semiannually. The bonds mature in 8 years, have a face value of

Nungesser Corporation has issued bonds that have a

9

percent coupon rate, payable semiannually. The bonds mature in

8

years, have a face value of $

1, 000,

and a yield to maturity of

9

percent. What is the price of the bonds.

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