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A municipal bond with a coupon rate of 2.6 percent has a yield to maturity of 3.6 percent. Assume a face value of $5,000. If

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A municipal bond with a coupon rate of 2.6 percent has a yield to maturity of 3.6 percent. Assume a face value of $5,000. If the bond has 8 years to maturity, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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