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The Chef Co. issued 15-year bonds one year ago today. The coupon rate of the bonds was 4.8% and the bonds make semi-annual coupon payments.

The Chef Co. issued 15-year bonds one year ago today. The coupon rate of the bonds was 4.8% and the bonds make semi-annual coupon payments. The Yield-To-Maturity of these bonds is currently 5.3%.

Required: Calculate the current dollar price assuming a $1,000 par value.

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