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A Chrysler Corporation 8 percent debenture is due on December 31, 2010. Find the price of this bond on December 31, 2000, assuming the nominal

A Chrysler Corporation 8 percent debenture is due on December 31, 2010. Find the price of this bond on December 31, 2000, assuming the nominal yield rate is 12 percent. (Reminder: In general, corporate bonds have semiannual coupons.)

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