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QWOP Corp has issued bonds that will mature in 28 years and have a par value of $1000. The bonds have a coupon rate of
QWOP Corp has issued bonds that will mature in 28 years and have a par value of $1000. The bonds have a coupon rate of 6% with semiannual coupons. If the yield to maturity on the bonds is currently 4%, then what is the current price of the bonds? (NOTE: Round your answer to the nearest cent)
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