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16. A 11 year bond with the coupon rate of 5.75%, face value of $1,000, and has semi annual payments, if there is a required

16. A 11 year bond with the coupon rate of 5.75%, face value of $1,000, and has semi annual payments, if there is a required 8.25% nominal yield, what is the max price for the bond? $821.50

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