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Troyer Corp. $1,000 par value bonds mature in 17 years and pay a coupon of 8.0% on a semiannual basis. If investors require a 6.9%

Troyer Corp. $1,000 par value bonds mature in 17 years and pay a coupon of 8.0% on a semiannual basis. If investors require a 6.9% rate of return on bonds with a semilar risk profile, what should the bonds price be? Round two decimal places (Ex. $000.00)

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