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You are considering the purchase of a Home Depot bond with a $ 1 , 0 0 0 par value, semi - annual coupon payments,

You are considering the purchase of aHome Depot bond with a $1,000 par value, semi-annual coupon payments, a coupon rate of 8%, and 13years to maturity. If the bond has a yield-to-maturity (YTM) of 6%, what is the market value of this bond?(Round your answer to the nearest cent.)

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