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Suppose you just purchased a 10 year, $1,000 par value bond. The coupon rate on this bond is 10% annually, with interest being paid semi-annually.

Suppose you just purchased a 10 year, $1,000 par value bond. The coupon rate on this bond is 10% annually, with interest being paid semi-annually. If you expect to earn a 9% rate of return on this bond, how much did you pay for it? (Round your answer to two decimal point)

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