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Calculate the purchase price of the $1,000 face value bond using the information given below. (Do not round the intermediate calculations. Round your final answer

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Calculate the purchase price of the $1,000 face value bond using the information given below. (Do not round the intermediate calculations. Round your final answer to 2 decimal places.) Issue date Maturity date Purchase date Coupon rate (%) Market rate (%) :19:36 Dec 15, 1992 Dec 15, 2027 June 15, 2008 5.75 7.9 Assume that . Bond interest is paid semiannually. . The bond was originally issued at its face value. . Bonds are redeemed at their face value at maturity. . Market rates of return are compounded semiannually. Bond price $ 508.19

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