Question: Five years ago, you purchased SNAFU's bond for $942.41. At that time, the bond had a yield-to-maturity of 10% and 9 years left to maturity,

Five years ago, you purchased SNAFU's bond for $942.41. At that time, the bond had a yield-to-maturity of 10% and 9 years left to maturity, with annual coupons, and a par value of $1,000. Today, the yield-to-maturity on the bond is 8%. Calculate the current market price of your bond.

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