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BUSN 602 Assume interest payments are semiannual

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BUSN 602 Assume interest payments are semiannual

Calculate the price of a 5.7 percent coupon bond with 15 years left to maturity and a market interest rate of 9.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations and round your final answer to 2 decimal places.)