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Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year. $11,000

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Find the price a purchaser should be willing to pay for the given bond. Assume that the coupon interest is paid twice a year. $11,000 bond with coupon rate 6% that matures in 8 years, current interest rate is 3% #### The purchaser should be willing to pay $ (Simplify your answer. Round to the nearest cent as needed.)

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