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A 9.00 percent, $1,000 bond matures in 16 years, pays interest semi-annually, and has a yield-to- maturity of 8.00 percent. What is the current market

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A 9.00 percent, $1,000 bond matures in 16 years, pays interest semi-annually, and has a yield-to- maturity of 8.00 percent. What is the current market price? Please record your answer using the following format (1407.00). Record your answer to two decimal places. Do NOT place a "$" in front of the number. Finally, do not use a comma to separate hundreds from thousands. In the box calling for units, there are four (4) possible responses: dollars percent, ratio; or years. Type into the units' box the appropriate for your answer Your

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