A bond that has a face value of $4,000 and coupon rate of 2.50% payable...

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Finance

A bond that has a face value of $4,000 and coupon rate of 2.50% payable semi-annually was redeemable on July 1,2021. Calculate the purchase price of the bond on February 10,2015 when the yield was 3.00% compounded semi-annually.
Round to the nearest cent
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