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Question 8 5 pts Exam Question 7 . 4 . You required a rate of return is 6 . 5 0 % when purchasing a

Question 8
5 pts
Exam Question 7.4. You required a rate of return is 6.50% when purchasing a 30-year, 5.2% semiannual coupon bond. The bond will repay $1,000 at maturity. What price should you pay for this bond? Answer without a $ sign, without a + or - sign, and to two decimal places.
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