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A company offers 5.56 percent coupon bonds with semiannual payments and a yield to maturity of 6.49 percent. The bonds mature in 15 years. What
A company offers 5.56 percent coupon bonds with semiannual payments and a yield to maturity of 6.49 percent. The bonds mature in 15 years. What is the market price per bond if the face value is $1,000? DO NOT USE DOLLAR SIGNS OR COMMAS IN YOUR ANSWER. ROUND ANSWER TO THE NEAREST CENT (2 Decimals). LIST THE NUMBER AS A POSITIVE NUMBER.
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