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Posted on Jul 25, 2024

A bond that pays interest semiannually has a coupon rate of 5 . 5 9 percent and a current yield of 5 . 0 1

A bond that pays interest semiannually has a coupon rate of

5.59

percent and a current yield of

5.01

percent. The par value is $

1, 000 .

What is the bond's price?

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