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How much would you pay for a Canada Savings Bond with a face value of 1 000 that offers a 5% coupon (paid in two

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How much would you pay for a Canada Savings Bond with a face value of 1 000 that offers a 5% coupon (paid in two semiannual payments starting in six months) and matures in 12 years? Prevailing interest rates are 3% compounded semi-annually The bond is worth (Round the final answer to the nearest cent as needed. Keep all decimal places as you work through the problem.)

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