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A 19-year German government bond (bund) has a face value of €550 and a coupon rate...

A 19-year German government bond (bund) has a face value of €550 and a coupon rate of 6% paid annually. Assume that the interest rate (in euros) is equal to 6.90% per year. What is the bond's PV? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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