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A bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semi-annually, and the bond has 10 years to maturity.

A bond has a 10 percent coupon rate and a $1,000 face value. Interest is paid semi-annually, and the bond has 10 years to maturity. If investors require a 12 percent yield, what is the bond's value? 1 1- Bond Value = C (1+YTM)* YTM + F (1+ YTM) t

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