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A $ 1 0 , 0 0 0 bond with semi - annual compounding was originally issued with an 8 . 4 % coupon and

A $

10, 000

bond with semi

-

annual compounding was originally issued with an

8.4 %

coupon and ten years to maturity. What must the price of the bond be if there are

5

years remaining to maturity and a yield to maturity of

6 %

APR?

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