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The face value of the bond is $300,000. The bond pays a coupon every quarter and the coupon rate is 10% p.a.. The first coupon

The face value of the bond is $300,000. The bond pays a coupon every quarter and the coupon rate is 10% p.a.. The first coupon is to be paid in exactly one quarter from today. The bond will mature in exactly 15 years from today. The yield on this bond is 12% p.a.. What is the price of the bond today? (Round your final answer to two decimal places).

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