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2. (15 points) Suppose a corporate bond that makes semiannual payments has 15 years to maturity, a 10% coupon rate, a 12% yield to maturity,

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2. (15 points) Suppose a corporate bond that makes semiannual payments has 15 years to maturity, a 10% coupon rate, a 12% yield to maturity, and a par value of $1,000. What is the bond's price? (Hint: Remember the convention of converting annual levels to "periodic" levels.)

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