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Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 10 percent and matures in seven

Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 10 percent and matures in seven years at $2,800. The market currently requires an 8 percent return for a bond of this risk. UseAppendix DandAppendix B.(Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answer to 2 decimal places.)

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