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A 20-year callable bond with quarterly 8% coupons is priced to guarantee a yield of 6% convertible quarterly. The bond has a face amount of

A 20-year callable bond with quarterly 8% coupons is priced to guarantee a yield of 6% convertible quarterly. The bond has a face amount of $2500. The bond matures for $2,562. 16 years after issue, the bond is callable for $2,494.

Calculate the price of this callable bond. Give your answer to two digits after the decimal.

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