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

A bond that has a face value of $3,500 and coupon rate of 2.30% payable semi-annually was redeemable on July 1,2021. Calculate the purchase price of the bond on February 10,2015 when the yield was 2.80% compounded semi-annually.

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