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Dufner Co
Dufner Co. issued 13-year bonds one year ago at a coupon rate of 8 percent. The bonds make semiannual payments.
If the YTM on these bonds is 5.7 percent, what is the current dollar price assuming a par value of $1,000? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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