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A 6-year bond has a coupon rate of 7% and pays coupons semi-annually. If the required return is 6.5%, how much should you be willing
A 6-year bond has a coupon rate of 7% and pays coupons semi-annually. If the required return is 6.5%, how much should you be willing to pay for the bond today? Round to 2 decimal places. Include a dollar sign ($) or percent (%) as appropriate. NOTE: All bonds have a par value of $1000 that is paid at maturity.
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