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Troyer Corp. $1,000 par value bonds mature in 24 years and pay a coupon of 5.4% on a semiannual basis. If investors require a 10%

Troyer Corp. $1,000 par value bonds mature in 24 years and pay a coupon of 5.4% on a semiannual basis. If investors require a 10% rate of return on bonds with a similar risk profile, what should the bond's price be? Round to two decimal places (Ex. $000.00)

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