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A couple purchased a bond for $ 9 5 0 . 0 0 three years ago. The bond pays 7 . 5 0 % APR
A couple purchased a bond for $ three years ago. The bond pays APR with semiannual coupons with a face value of $ Currently, the bond has exactly years until maturity, and investors seek a return of APR on bonds of similar risk.
What is the current price of the bond?
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