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Posted on Sep 03, 2024

A $ 1 , 0 0 0 par value bond pays coupon of $ 3 5 each quarter and will mature in 1 year. If

A $

1, 000

par value bond pays coupon of $

35

each quarter and will mature in

1

year. If the nominal yield to maturity is

12 %,

what should be the price of the bond?

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