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3. (5 points) A bond with a face value of $1,000 has a coupon rate of 6% and pays interest semi-annually. The bond has 10

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3. (5 points) A bond with a face value of $1,000 has a coupon rate of 6% and pays interest semi-annually. The bond has 10 years to maturity. You require a yield to maturity return of 8%. Calculate the value of this bond today

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