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A 15-year, $1,000 face value bond pays interest of $30.00 semiannually. If an investor requires a simple annual rate of return of 8 percent, how

A 15-year, $1,000 face value bond pays interest of $30.00 semiannually. If an investor requires a simple annual rate of return of 8 percent, how much should the investor be willing to pay for this bond? (Round the answer to two decimal places.)

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