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4. A company has just issued a bond with $2,500 par value that will mature in 5 years. This bond pays coupon of $60 every

4. A company has just issued a bond with $2,500 par value that will mature in 5 years. This bond pays coupon of $60 every six months. If the annual yield to maturity of this bond is 6%, what is the price of this bond? Show your calculations.

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