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A semi-annual coupon bond has 15 years left to maturity. Its coupon rate is 6.5%. If you require an annual rate of return at 7%

A semi-annual coupon bond has 15 years left to maturity. Its coupon rate is 6.5%. If you require an annual rate of return at 7% for your investment. What is this bond's intrinsic value to you?

Please type your answer as an absolute numerical value with two decimals (e.g. if your answer is -90.237, type 90.24).

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