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In February 2015 Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.72%. Recognizing that coupons are paid semiannually, calculate the

In February 2015 Treasury 4 5/8s of 2042 offered a semiannually compounded yield to maturity of 2.72%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Bond price $

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