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XYZ Corp. has a bond issue with a $1,000 par value and a 10.42% coupon rate. It pays interest annually and has 19 years

XYZ Corp. has a bond issue with a $1,000 par value and a 10.42% coupon rate. It pays interest annually and has 19 years remaining to maturity. It just made a coupon payment (i.e., it has 19 coupon payments left to make). If the yield to maturity of bonds with similar risk and maturity i 8.48%. What the price of XYZ's bond today? Round your final answer to two decimals.

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