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1. Suppose you have a bond with 5 vears to maturity. The face value of the bond is $1,000 and its compon rate is 6

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1. Suppose you have a bond with 5 vears to maturity. The face value of the bond is $1,000 and its compon rate is 6 percent (ammal payments). When the required yield (YTM) on this lend is 5 percent (compoumded amually), what is the current price of the bond

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