Question: ABC, Inc. has issued a 28-year bond with a par value of $1,000, coupon rate of 10.25%. The yield to maturity (YTM) is 10.53%. Assume

ABC, Inc. has issued a 28-year bond with a par value of $1,000, coupon rate of 10.25%. The yield to maturity (YTM) is 10.53%. Assume semi-annual payments. What is today's price of this bond?

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