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Waddle Enterprise issued an 8-year, 10% bond on January 1, 20X9. Each bond sold for face value, which is $1,000. The bonds pay interest semi-annually

Waddle Enterprise issued an 8-year, 10% bond on January 1, 20X9. Each bond sold for face value, which is $1,000. The bonds pay interest semi-annually on June 30 and December 31. The bonds mature on December 31, 2X15. Using present value tables, what is the market price of each $1,000 bond on January 1, 2X11, if the market rate of interest has changed to 8%?

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