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n November 2017, Treasury 3 7/8s of 2041 offered a semiannually compounded yield to maturity of 3.00%. Recognizing that coupons are paid semiannually, calculate the

n November 2017, Treasury 3 7/8s of 2041 offered a semiannually compounded yield to maturity of 3.00%. 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.)

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