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A 5.5 percent coupon bond with face value of $1,000 matures in 7 years, pays semiannually, and has a yield to maturity of 6.23 percent.

A 5.5 percent coupon bond with face value of $1,000 matures in 7 years, pays semiannually, and has a yield to maturity of 6.23 percent. What is the current price Does your answer to Problem 2 make sense Why or why not

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