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A bond with a face value of $ 2 0 0 0 and a 6 . 1 % interest rate ( compounded semiannually ) will

A bond with a face value of

2000

and a

6.1 %

interest rate

(

compounded semiannually

)

will mature in

15

years. What is a fair price to pay for the bond

today?

Question content area bottom

Part

1

A fair price to buy the bond at would be

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