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3 ) Find the price of a bond with a $ 1 0 , 0 0 0 par value and a coupon rate of 5

3) Find the price of a bond with a $10,000 par value and a coupon rate of 5.52% payable yearly. The bond matures in 10 years and is priced to yield 6.78%? Do not use excel. Full numerical process is required for grading.

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