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Suppose you are given the following bond quote information: Time to maturity: 20 years Coupon rate: 2.75% Par Value: $1,000 Current yield: 2.35% Assume semi-annual
Suppose you are given the following bond quote information:
Time to maturity: 20 years
Coupon rate: 2.75%
Par Value: $1,000
Current yield: 2.35%
Assume semi-annual compounding, calculate the price on the bond. (Enter a positive value and round to 2 decimals)
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