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Rare Find Inc. has a bond with the following characteristics: Par: $ 1 , 0 0 0 Time to maturity: 1 0 years Coupon Rate:

Rare Find Inc. has a bond with the following characteristics:
Par: $1,000
Time to maturity: 10 years
Coupon Rate: 7%, semi-annual payments
Yield to maturity: 4%
Calculate the present value of the bond's lump sum cash flow component. (Enter a positive value and round to 2 decimals)

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