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A bond has $ 1 4 0 0 0 face value and its coupon rate is 1 8 , 4 % ( APR ) .
A bond has $ face value and its coupon rate is APR The YTM of bonds with similar risks is Coupon is paid on an annual basis at the end of each years. The maturity of this bond is years. What is the fair price of this bond?Give the answer in round number without currency sign, e g if the answer is $ than write
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