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A $ 2 1 , 0 0 0 Government of Canada bond was issued with a 2 5 - year maturity and a coupon rate
A $ Government of Canada bond was issued with a year maturity and a coupon rate of compounded semiannually. Twoandahalf years later the bond is being sold when market rates have increased to compounded semiannually. Determine the selling price of the bond. Round to the nearest dollar.
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