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Calculate the price of a 6.4 percent coupon bond with 15 years left to maturity and a market interest rate of 5.2 percent. (Assume interest

Calculate the price of a 6.4 percent coupon bond with 15 years left to maturity and a market interest rate of 5.2 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Bond Price =

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