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3 9-3 Bond Valuation Problem 9-5 BOND VALUATION Two years ago, ABC issued a 12-year bond with an annual coupon rate of 6% at par.

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9-3 Bond Valuation Problem 9-5 BOND VALUATION Two years ago, ABC issued a 12-year bond with an annual coupon rate of 6% at par. If its current yield to maturity is 2.5% and its par value is 1,500, calculate the price of the ABC's bond today. The price of ABC bond today is $

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