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Calculate the price of the bond

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Reference no: EM132384627

The Rare Find Inc. has a bond with the following characteristics:

Par: $1,000

Time to maturity: 8 years

Coupon Rate: 4.5%, semi annual payments

Yield to maturity: 3%

Calculate the price of the bond. (Enter a positive value and round to 2 decimals)

Reference no: EM132384627

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