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7 A 15-year bond has a coupon of 8% and is priced to yield 6%. Calculate the price per $1,000 par value using semiannual compounding.

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7 A 15-year bond has a coupon of 8% and is priced to yield 6%. Calculate the price per $1,000 par value using semiannual compounding. If an investor purchases this bond two months before a scheduled coupon payment, how much accrued interest must be paid to the seller

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