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A ( n ) 8 . 7 % bond with 6 years left to maturity has a YTM of 7 . 4 % . The

A(n)8.7% bond with 6 years left to maturity has a YTM of 7.4%. The bond's price should be q You should assume as usual that the coupon payments occur semiannually.
Margin of error for correct responses: +/-05.
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