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A bond has a coupon rate of 7.9% and pays coupons annually. The bond matures in 4 years and the yield to maturity on similar

  1. A bond has a coupon rate of 7.9% and pays coupons annually. The bond matures in 4 years and the yield to maturity on similar bonds is 6.7%. What is the price of the bond?

par value share is 1000

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