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A Chrysler Corporation 8 percent debenture (bond) is due in 10 years. Find the price of this bond assuming the nominal yield rate is 12

A Chrysler Corporation 8 percent debenture (bond) is due in 10 years. Find the price of this bond assuming the nominal yield rate is 12 percent. (Reminder: In general, corporate bonds have semiannual coupons.)

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