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2. A shipping company sold an issue of lyear $1,1IIIIIIEI pa: bonds to build new ships. The bonds pa]; 3.25% mtecrest, compounded semiannualljf. Today's required

2. A shipping company sold an issue of lyear $1,1IIIIIIEI pa: bonds to build new ships. The bonds pa]; 3.25% mtecrest, compounded semiannualljf. Today's required rate of retain is 6.30%. How much should these bonds sell fcer today? Round to two decimal places

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