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A semi - annual coupon bond has a face value of $ 1 , 0 0 0 and a coupon rate of 2 . 0

A semi

-

annual coupon bond has a face value of $

1, 000

and a coupon rate of

2.0 % .

Time to maturity is

30

years and the current yield to maturity is

1.3 % .

How much is this bond worth? Round to the nearest cent.

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