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The bonds of Amalgamated Industries make annual interest payments of $120 per year and have a par value of $1,000. These bonds mature in 28

The bonds of Amalgamated Industries make annual interest payments of $120 per year and have a par value of $1,000. These bonds mature in 28 years. Assuming the bonds have a yield to maturity of 16.3%, what is the current bond price.

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