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Suppose that today s date is April 1 5 . A bond with a 7 % coupon paid semiannually every January 1 5 and July

Suppose that todays date is April 15. A bond with a 7% coupon paid semiannually every January 15 and July 15 is quoted as selling at an ask price of 101.5000 percent of par. If you buy the bond from a dealer today, what price will you pay for it?
Note: Round your answer to 2 decimal places.

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