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A firm has a non - callable bond maturing in 9 years with a par value of $ 1 , 0 0 0 . Those

A firm has a non-callable bond maturing in 9 years with a par value of $1,000. Those bonds make annual coupon payments of $64. The market interest rate on similar bonds is 4.125%. What is the bonds price (round your answer to two decimal places)? i) Describe the assumptions related to the problem, (ii) Apply the appropriate mathematical model, (iii) Calculation

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