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You have a 2.250% $8,000 bond maturing August 14, 2025. You purchase the bond to settle August 14, 2024 when yields are 8.250% The purchase

You have a 2.250% $8,000 bond maturing August 14, 2025. You purchase the bond to settle August 14, 2024 when yields are 8.250% The purchase price of this bond is thus:

Round to 4 decimal points with work

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