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3. Bond Prices (LO1, CFA3) A bond has a coupon rate of 8.2 percent and 9 years until maturity. If the yield to maturity is

3. Bond Prices (LO1, CFA3) A bond has a coupon rate of 8.2 percent and 9 years until maturity. If the yield to maturity is 7.4 percent, what is the price of the bond? Please show your work, do not use Excel.

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