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A company has issued bonds that have a 9.5% coupon rate, payable semiannually. The bonds mature in 7 years, have a face value of $1,000,
A company has issued bonds that have a 9.5% coupon rate, payable semiannually. The bonds mature in 7 years, have a face value of $1,000, and a yield to maturity of 8.5%. What is the price of the bond? please show calculator work or excel
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