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Given the following bond quote: Maturity Date:8/15/2039 Coupon Rate: 4.5%, semi-annual payments Bid Price: 148.125% of par Ask Price: 148.625% of par Change: 0.4688% Ask

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Given the following bond quote: Maturity Date:8/15/2039 Coupon Rate: 4.5%, semi-annual payments Bid Price: 148.125% of par Ask Price: 148.625% of par Change: 0.4688% Ask Yield: 2.373% Calculate the price an investor would receive for selling $50,000 of par value in this bond. (Round to 2 decimals)

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