Maturity and a market interest rate

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Reference no: EM131304717

Calculate the price of a 5.5 percent coupon bond with 15 years left to maturity and a market interest rate of 10.0 percent. (Assume interest payments are semiannual.) (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

Bond price $

Reference no: EM131304717

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