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Bob's Bargain Barn issues $10,000 of 3 year 10% coupon bonds at a time when the market demands a yield

Bob's Bargain Barn issues $10,000 of 3 year 10% coupon bonds at a time when the market demands a yield of 8% on similar bonds. The bonds are issued on Jan 1, 2015 and require annual interest payments each subsequent Dec 31 until maturity. What is the issue price of the bonds?

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