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Question 3 1 pts ABC Inc. recently issued $1,000 par bonds at a 8.4% coupon rate. If the bonds have 9 years to maturity and

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Question 3 1 pts ABC Inc. recently issued $1,000 par bonds at a 8.4% coupon rate. If the bonds have 9 years to maturity and a YTM of 18.91%, what is the current price of the bond? Assume semi-annual compounding. Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box

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