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A 1 0 year 4 . 8 % coupon bond was issued 3 years ago. Similarly risky bonds are yielding 5 . 6 % .

A 10 year 4.8% coupon bond was issued 3 years ago. Similarly risky bonds are yielding 5.6%. Assume semi annual coupon payments. The bonds price should be $_____.
Hint: Original bond maturity is not relevant. What matters is the number of coupon payment periods remaining until maturity.

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