What is the price today of a Beatifull Corp. bond? The bond matures in $30$ years,

has a coupon rate of $7\%,$ and has, today, a yield to maturity $($YTM$)$ of $12\%.$ The bond

has semiannual coupon payments and a par value of $$1,000.$

For the answer: round to the nearest $0\mathrm{.}01$ cent; do not use comma to separate

thousands; and do not use the dollar $($$$)$ sign.

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