A 5.65% fixed coupon bond is yielding 2.27%. The current date is February 14, 2021...
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Finance
A 5.65% fixed coupon bond is yielding 2.27%. The current date is February 14, 2021 and the bond matures on June 28, 2028. What is the present value (price) of the bond's coupons and reinvestment of the coupons (exclude the par value)?
Round to 2 decimal places.
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