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A 20-year corporate bond is issued today with a coupon rate of 7.41% that will be paid semi-annually. Compute the value of bond today if

A 20-year corporate bond is issued today with a coupon rate of 7.41% that will be paid semi-annually. Compute the value of bond today if the yield to maturity of this bond is 7.01%, which will be compounded semi-annually.

Please round your answer to the second decimal without dollar sign. E.g. 1234.56

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