Assume semi-annual compounding calculate the price on the, Financial Management

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Assume semi-annual compounding calculate the price on the

Suppose you are given the following bond quote information:

Time to maturity: 20 years

Coupon rate: 2.75%

Par Value: $1,000

Current yield: 2.35%

Assume semi-annual compounding, calculate the price on the bond. (Enter a positive value and round to 2 decimals)

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Financial Management: Assume semi-annual compounding calculate the price on the

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