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Consider a six year bond with semiannual coupons of $60 each. The bond is redeemed at $500. Compute the price if the bond is

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Consider a six year bond with semiannual coupons of $60 each. The bond is redeemed at $500. Compute the price if the bond is purchased at a nominal yield rate of 8% compounded semiannually. Round your answer to the nearest .xx

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