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16 A 10-year bond, $1,000 face value bond with a 8% coupon rate and semi-annual coupons has a yield to maturity of 17%. The bond

16 A 10-year bond, $1,000 face value bond with a 8% coupon rate and semi-annual coupons has a yield to maturity of 17%. The bond should be trading at a price of $(Round to the nearest cent.) d out of Answer: 47

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