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Ten years ago Thompsou Tarps, issued twenty-five-year 10 % annual coupon bonds with a $ 1,000 face valueSince then, interest rates in general have ,

Ten years ago Thompsou Tarps, issued twenty-five-year 10 % annual coupon bonds with a $ 1,000 face valueSince then, interest rates in general have , and the yield to maturity on the Thompson Tarps bonds is now 12% Given information, what is the price today for a Thompson Tarps bond

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