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15 year German government bond (bund) has a face value of 350 and a coupon rate of 6% paid annually. Assume that the interest rate

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15 year German government bond (bund) has a face value of 350 and a coupon rate of 6% paid annually. Assume that the interest rate in euros) is equal to 6.50% per year. What is the bond's PV? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Present value

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