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4 . Consider a GofC bond paying semiannual coupons at an annual rate of 6 % , with a face value of $ 1 ,

4 .

Consider a GofC bond paying semiannual coupons at an annual rate of

6 %,

with a face value of $

1, 000,

maturing in

8

years. The bond

s YTM is

7 %

per year compounded semiannually. What is the value of the bond?

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