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The bond has a par value of $5,000, with a coupon rate of 2.8 percent paid semiannually and 16 years to maturity. The yield to

The bond has a par value of $5,000, with a coupon rate of 2.8 percent paid semiannually and 16 years to maturity. The yield to maturity on this bond is 3.4 percent. What is the price of the bond?

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