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A bond that has a face value of $ 2 , 5 0 0 and coupon rate of 3 . 1 0 % payable semi

A bond that has a face value of $2,500 and coupon rate of 3.10% payable semi-annually was redeemable on July 1,2021. Calculate the purchase price of the bond on February 10,2015 when the yield was 3.85% compounded semi-annually.
Round to the nearest cent

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