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Wiser Co. issued 14-year bonds two years ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If the YTM on these

image text in transcribed Wiser Co. issued 14-year bonds two years ago at a coupon rate of 7.4 percent. The bonds make semiannual payments. If the YTM on these bonds is 5.4 percent, what is the current dollar price assuming a par value of $1,000 ? (Do not round intermediate calculations.)

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