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A(n) 14-year bond has a coupon of 7% and is priced to yield 12%. Calculate the price per $1,000 par value using semi-annual compounding. If

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A(n) 14-year bond has a coupon of 7% and is priced to yield 12%. Calculate the price per $1,000 par value using semi-annual compounding. If an investor purchases this bond two months before a scheduled coupon payment, how much accrued interest must be paid to the seller? The price of the bond, PV, is $| (Round to the nearest cent.)

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