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UTT, Inc., has a bond outstanding with a coupon rate of 5 . 8 4 percent and quarterly payments. The yield to maturity is 6

UTT, Inc., has a bond outstanding with a coupon rate of 5.84 percent and quarterly payments. The yield to maturity is 6.1 percent and the bond matures in 25 years. What is the market price if the bond has a par value of $1,000?(Do not round intermediate calculations and round your answers to 2 decimal places, e.g.,32.16)
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