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7 . A $ 1 3 , 0 0 0 bond that has a coupon rate of 6 . 4 0 % payable semi -

7.A $13,000 bond that has a coupon rate of 6.40% payable semi-annually and maturity of 6 years was purchased when the yield was 5.20% compounded semi-annually. What was the book value of the bond after 8 payments?
Round to the nearest cent

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