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A 5 - year, 1 0 % semiannual - pay bond has a face value of $ 1 0 0 0 . If the yield

5 -

year,

10 %

semiannual

-

pay bond has a face value of $

1000 .

If the yield to maturity on this bond is

15 % .

What is the price of this bond?

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