Question: Stranger Things, Corp. has a $1,000 face value bond. This bond has a coupon rate of 7.4 percent paid annually and 10 years to maturity.

Stranger Things, Corp. has a $1,000 face value bond. This bond has a coupon rate of 7.4 percent paid annually and 10 years to maturity. The yield to maturity on this bond is 3.2 percent. What is the price of this bond? (Do not round any intermediate calculations. Round your final answer to 2 decimal places and enter it in the box below.)

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