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A bond with par value of $ 1 , 0 0 0 matures in 1 0 years and pays 6 % p . a .

A bond with par value of $1,000 matures in 10 years and pays 6% p. a. in semiannual coupons. The YTM stated as BEY is 8% per annum. Compute the price of this bond.

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