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Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 12 percent and matures in seven

Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 12 percent and matures in seven years at $1,900. The market currently requires an 8 percent return for a bond of this risk. (Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to 2 decimal places.)

Price of a bond $

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