Question: ABC, Inc. has issued a 1 7 - year bond with a par value of $ 1 , 0 0 0 , coupon rate of

ABC, Inc. has issued a 17-year bond with a par value of $1,000, coupon rate of 12.45%. The yield to maturity (YTM) is 12.28%. Assume semi-annual payments. What is today's price of this bond?
Note: Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box.

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