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A bond with a $10,000 par value has a 6.75% annual coupon rate. It will mature in 6 years, with semi-annual coupon payments. Present annual
A bond with a $10,000 par value has a 6.75% annual coupon rate. It will mature in 6 years, with semi-annual coupon payments. Present annual yields on similar bonds are 5.75%. What should the current price be;
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