What is a fair price to pay for the bond ?today

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Reference no: EM13974500

A bond with a face value of $18,000 and a 2.7?% interest rate? (compounded semiannually?) will mature in 9 years. What is a fair price to pay for the bond ?today?

A fair price to buy the bond at would be $____

?(Round to the nearest cent as? needed)

Reference no: EM13974500

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