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6) A bond has a maturity of 13-years, with an annual coupon rate of 9.9%. but the bond pays coupon payments semi-annually!! Calculate the price
6) A bond has a maturity of 13-years, with an annual coupon rate of 9.9%. but the bond pays coupon payments semi-annually!! Calculate the price per $1,000 face value for this bond if the prevailing interest for such instruments is 5.9% per year. Answer to the nearest cent.
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