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Recognizing that coupons are paid semiannually calculate

In February 2015 Treasury 3 3/8s of 2040 offered a semiannually compounded yield to maturity of 3.08%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000. (Do not round intermediate calculations. Round your answers to 2 decimal Places)

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Finance Basics: Recognizing that coupons are paid semiannually calculate

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