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A 6% corporate bond is due in 12 years. What is the price of the bond if the annual percentage rate (APR) is 12% per
A 6% corporate bond is due in 12 years. What is the price of the bond if the annual percentage rate (APR) is 12% per annum(p.a.) compounded semiannually? (note that the bond pays the coupons semiannually and has a face value equal to $1000).
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