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A. U.S. government bond with a 6 3/8% coupon that expires in December 2020. The bond was issued on January 1, 2016, and the required

A. U.S. government bond with a 6 3/8% coupon that expires in December 2020. The bond was issued on January 1, 2016, and the required annual yield is 5%. The Par Value of the bond is $1,000. Coupon payments are made semi-annually (June 30 and December 31 for this bond). Find the price of the bond.

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