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1 . What is an estimate of the price of AAA - rated bond that has nine years till maturity, a face value of 1
What is an estimate of the price of AAArated bond that has nine years till maturity, a face value of dollars, and an APR coupon rate of percent? Assume that the coupon payments are made semiannually, and that the current market interest rate for AAArated, year maturity bonds is percent APR compounded annually. Show your work.
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