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3. The Apr coupon rate on a bond is 6 percent (compounded quarterly) and yet the yield to maturity on the bond is 10 percent

3. The Apr coupon rate on a bond is 6 percent (compounded quarterly) and yet the yield to maturity on the bond is 10 percent (compounded quarterly). The face value of the bond is 1000 dollar and will mature in 7 years. What is the price of the bond right now? Show your work

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