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43 EXAMPLE #3 Beta Enterprises is issuing 10 year bonds with a face value of $1,000. The coupon rate is 10%, paid semiannually. What is

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43 EXAMPLE #3 Beta Enterprises is issuing 10 year bonds with a face value of $1,000. The coupon rate is 10%, paid semiannually. What is the price of the bond if the YTM is 8%? 45

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