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A 10-year bond pays $1.5 coupon every quarter. The yield rate is 5% annual. Calculate the price of the bond. Round the answer to the

A 10-year bond pays $1.5 coupon every quarter. The yield rate is 5% annual. Calculate the price of the bond. Round the answer to the nearest dollar. (Note: The redemption value and face value are assumed $100 otherwise mentioned.)

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