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TFS Corporation issued 20-year, non-callable, 6% annual coupon bonds at their par value of $1,000 five years ago. Today, the market interest rate on these

TFS Corporation issued 20-year, non-callable, 6% annual coupon bonds at their par value of $1,000 five years ago. Today, the market interest rate on these bonds is 5.5%. What is the current price of the bonds today?

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