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In November 2 0 2 0 , Treasury 4 5 / 8 s of 2 0 4 2 offered a semiannually compounded yield to maturity

In November 2020, Treasury 45/8s of 2042 offered a semiannually compounded yield to maturity of 2.74%. Recognizing that
coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
Bond price
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