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UTT Company's bonds mature in 8 years, have a par value of $ 1 , 0 0 0 , and make an annual coupon interest

UTT Company's bonds mature in 8 years, have a par value of $1,000, and make an annual coupon interest payment of $65. The market requires an interest rate of 7.7% on these bonds. What is the bond's price? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16.)
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