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A bond that pays coupons semi-annually has exactly 3 years to maturity and an annual coupon rate of 8%. The bond has a yield to

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A bond that pays coupons semi-annually has exactly 3 years to maturity and an annual coupon rate of 8%. The bond has a yield to maturity of 9%. The bond has $1000 par value With a financial calculator, what are the following inputs to calculate the bond price? (Use precise values and do not round numbers. Use percentages for interest rates instead of decimals. For example, use 8% Instead of 0.08. Omit % sign in your response. Only put positive numbers.) Answer: N= PMT= 1/Y= % FV= What is the bond price? (Do not round intermediate calculations. Round the final answers to 2 decimal places. Only put numbers in the boxes. DO NOT include units, $, x, %, etc in your answers.) Answer: The bond price is $

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