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3) Suppose a company issues a 10-year bond with a face value of $10,000. The coupon payments are annual, and the coupon rate is 4%.

3) Suppose a company issues a 10-year bond with a face value of $10,000. The coupon payments are annual, and the coupon rate is 4%. If the bond yield to maturity is 6%, what is the price of the bond

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