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The function s(t) = 0.045 + 0.007t gives the effective annual rate of a zero coupon bond of maturity t, with t in years. Find

The function s(t) = 0.045 + 0.007t gives the effective annual rate of a zero coupon bond of maturity t, with t in years. Find the price of a 2 year coupon bond with semiannual coupons of 7.5% and a face/redemption value of $400,000.

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