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A coupon bond pays interest semi-annually, matures in 5 years, has a par value of $1,000 and a coupon rate of 12%, and YTM of
A coupon bond pays interest semi-annually, matures in 5 years, has a par value of $1,000 and a coupon rate of 12%, and YTM of 10%. What is the bonds price? (Format of the answer: 1200.34 dont include $ symbol, round to 2 digits.)
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