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A 1 0 - year corporate bond has 6 years remaining until redemption. The par value is 1 0 0 and it pays a 4

10 -

year corporate bond has

6

years remaining until redemption. The par value is

100

and it pays a

4 %

coupon on an annual basis. The yield to maturity is

8 % .

Using the above information, calculate the market price of the bond.

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