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At the beginning of his current tax year, David invests $12,000 in original issue U.S. Treasury bonds with a $10,000 face value that mature in

At the beginning of his current tax year, David invests $12,000 in original issue U.S. Treasury bonds with a $10,000 face value that mature in exactly 15 years. David receives $860 in interest ($430 every six months) from the Treasury bonds during the current year, and the yield to maturity on the bonds is 6.6 percent. (Round your intermediate calculations to the nearest whole dollar amount.)

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