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13. In November 2014 you purchase a 2-year bond with a face value of RMB1000. The bond has an annual coupon rate of 6%, paid

13. In November 2014 you purchase a 2-year bond with a face value of RMB1000. The bond has an annual coupon rate of 6%, paid every four months. If investors demand a 12% annual return, what is the price of the bond

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