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Philipa is interested in buying some bonds. The bond has a face value of $1,000 and an interest rate of 2.65% paid semi annually. The

Philipa is interested in buying some bonds. The bond has a face value of $1,000 and an interest rate of 2.65% paid semi annually. The bond has a bid price of $102.50 and was last traded at $102.15. The maturity date is 22nd of August 2024.

If Philipa buys 10 bonds, how much will it cost her now and how much will the next interest payment be?

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