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5. Suppose a bond has the following characteristics: a. Coupon rate: 12% APR b. Yield to maturity: 8% APR c. Coupons paid out semi-annually d.

5. Suppose a bond has the following characteristics: a. Coupon rate: 12% APR b. Yield to maturity: 8% APR c. Coupons paid out semi-annually d. Matures 25 years away from today e. Face Value = $1,000 What is the price of the bond

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