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A Ford Motor Co. coupon bond has a coupon rate of 6.75%, and pays annual coupons....

A Ford Motor Co. coupon bond has a coupon rate of 6.75%, and pays annual coupons. The next coupon is due tomorrow and the bond matures 26 years from tomorrow. The yield on the bond issue is 6.35 %. At what price should this bond trade today, assuming a face value of $1000 ? The price of the bond today should be $____________. (Round to the nearest cent.)

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