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The 6 percent coupon bond of Lucas Recycling has a face value of $ 1 , 0 0 0 , a maturity of 2 0

The 6 percent coupon bond of Lucas Recycling has a face value of $1,000, a maturity of 20 years, annual interest payments, and the market interest rate is 12 percent. What is the current market price of the bond?

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