Question: A 3 0 year maturity bond with a face value of $ 1 , 0 0 0 makes semi - annual coupon payments and has

A 30 year maturity bond with a face value of $1,000 makes semi-annual coupon payments and has a coupon rate of 8% and a discount rate of 9% per year. At what price does the bond sell? Answer in dollars with 2 decimal places.

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