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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 ton

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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 ton years at $2,400. 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 $ 1503

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