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Question 3 of 4 A bond that has a face value of $ 2 , 5 0 0 and coupon rate of 2 . 5

Question 3 of 4
A bond that has a face value of $2,500 and coupon rate of 2.50% payable semi-annually was redeemable on July 1,2021. Calculate the purchase price of the bond on February 10,2015 when the yield was 2.75% compounded semi-annually.
Round to the nearest cent
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