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8 . You have a bond with 4 years maturity and 6 % coupon ( interest ) rate. A coupon is paid annually. Its face

8 .

You have a bond with

4

years maturity and

6 %

coupon

(

interest

)

rate. A coupon is paid annually. Its face value is $

1000 .

If a Yield to Maturity is

10 %,

how much is the bond price?

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