Question: Hatfields' Hats and Fields Inc. has a bond that matures in 37 years has a par value of $1,000, an annual coupon payment of $189;

Hatfields' Hats and Fields Inc. has a bond that matures in 37 years has a par value of $1,000, an annual coupon payment of $189; its market interest rate is 7.7%. What is its price?

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