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A 7.5% coupan bearing bond pays interest semi-annualy and has a maturity of 14 years. If the annual yield to maturity is 6.29, what is
A 7.5% coupan bearing bond pays interest semi-annualy and has a maturity of 14 years. If the annual yield to maturity is 6.29, what is the current price of this bond? (Answer to the nearest penny.)
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