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Determine the selling price PV, per $1,000 maturity value, of the bond. (Assume twice-yearly interest payments. Do not round those payments to the nearest cent.

Determine the selling price PV, per $1,000 maturity value, of the bond. (Assume twice-yearly interest payments. Do not round those payments to the nearest cent. Round your selling price PV to the nearest cent.)

10-year, 4.725% bond, with a yield of 4.735%

PV = ____

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