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Calculate the cash price of the following bond, sold on September 21: par =$1,000; coupon rate =5 percent, paid on January 1 and July 1;

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Calculate the cash price of the following bond, sold on September 21: par =$1,000; coupon rate =5 percent, paid on January 1 and July 1; quoted price =$966. (Round answer to 2 decimal places, e.g. 1564.25.) Cash price

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