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2) A bond has a face value of $2,500, a coupon rate of 8% with semiannual coupons, and a yield of 8.72%. If the bond

2) A bond has a face value of $2,500, a coupon rate of 8% with semiannual coupons, and a yield of 8.72%. If the bond will mature in 12 years, what is the bonds value?

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