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Denis purchased a $10,000 face value Ontario Hydro Energy bond maturing in four years. The coupon rate was 6.8% payable semiannually. If the prevailing market

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Denis purchased a $10,000 face value Ontario Hydro Energy bond maturing in four years. The coupon rate was 6.8% payable semiannually. If the prevailing market rate at the time of purchase was 6.1% compounded semiannually, what price did Denis pay for the bond? (Do not round the intermediate calculations. Round your final answer to 2 decimal places.) Assume that - Bond interest is paid semiannually - The bond was originally issued at its foce value - Bonds are redeemed at their foce value at maturity. - Market rates of retum are compounded semiannually

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