What is the present value of the bond

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Reference no: EM13921637

A 10-year U.S. Treasury bond with a face value of $10,000 pays a coupon of 5.50% (2.750% of face value every six months). The semi annually compounded interest rate is 4.6% (a six-month discount rate of 4.6/2 = 2.3%). What is the present value of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal place

Reference no: EM13921637

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