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TUUU Ten years ago, Excelsior Manufacturing sold a 30-year bond issue, with a par value of $1,000, and a coupon rate of 9%, paid annually.

TUUU Ten years ago, Excelsior Manufacturing sold a 30-year bond issue, with a par value of $1,000, and a coupon rate of 9%, paid annually. Today, with 20 years remaining until maturity, the yield to maturity is 5.0%. What is the price of this bond

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