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1. Consider a 15-year 8% semiannual bond with par value $1,000. (4) What is the bond price at yield 8.51%? (2.25 points)

1. Consider a 15-year 8% semiannual bond with par value $1,000.

(4) What is the bond price at yield 8.51%? (2.25 points)

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