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An asset was issued 8 months ago. The asset promised to make semi-annual payments (one payment every six months) of $170 each, from the date
An asset was issued 8 months ago. The asset promised to make semi-annual payments (one payment every six months) of $170 each, from the date of issuance, for two years. All payments are equally risky and thus they have the same discount rate. You've decided that the discount rate is 7%. According to these numbers, how much is the asset worth to you today? Round your answer to the NEAREST DOLLAR.
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