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A 1 4 - year bond pays semi - annual coupons at j 2 = 9 % and has a yield rate of j 2

A 14-year bond pays semi-annual coupons at j2=9% and has a yield rate of j2=7.1%. If the book value immediately after the 7 th coupon payment is $1038.45,
and the book value immediately after the 11 th coupon payment is $1034.51, what is the bond's
Answer: $
NOTE: Assume the note is NOT redeemable at par.
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