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7. An investor buys a 10 year, $1000 par value, 6% coupon bond with a yield to maturity of 4%. What was the price when

7. An investor buys a 10 year, $1000 par value, 6% coupon bond with a yield to maturity of 4%. What was the price when it is was bought? How much of that price was due to the par value? 10 points

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