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A bond pays a $50 coupon in 6 months and another $50 coupon in 12 months, when it matures and also pays back its $10,000
A bond pays a $50 coupon in 6 months and another $50 coupon in 12 months, when it matures and also pays back its $10,000 face value. If the APY is 3%, what is the price of the bond today? Choose the nearest answer.
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