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You are considering a 1 5 year, $ 1 0 0 0 par value bond. Its coupon rate is 1 0 % and interest is

You are considering a 15 year, $1000 par value bond. Its coupon rate is 10% and interest is paid seminually. If you require an "effective" annual interest rate (not a nominal rate) of 10.73%, how much should you be willing to pay for the bond? Do not round intermediate steps. Round your answer to the nearest cent.
Bond valuation
Years to maturity
Par value of bond
Coupon rate
Frequency interest paid per year
Effective annual rate
\table[[B],[],[15],[$1,000.00
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