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(10 points) What is the price of the following bond with semiannual coupon payments? Bond Maturity 4 years Coupon rate 6% Discount rate 8% Par

(10 points) What is the price of the following bond with semiannual coupon payments?

Bond

Maturity

4 years

Coupon rate

6%

Discount rate

8%

Par value

$1,000

Can you please write calculations by hand? Thanks!

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