Question: In November 2 0 2 0 , Treasury 4 1 / 4 s of 2 0 4 3 offered a semiannually compounded yield to maturity

In November 2020, Treasury 41/4s
of 2043 offered a semiannually compounded yield to maturity of 2.64%. Recognizing that coupons are paid semiannually, calculate the bond's price. Assume face value is $1,000.
Note: Do not round intermediate calculations. Round your answer to 2 decimal places.

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