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A newly issued 1 0 - year maturity, 6 % coupon bond making annual coupon payments is sold to the public at a price of
A newly issued year maturity, coupon bond making annual coupon payments is sold to the public at a price of $ The bond will not be sold at the end of the year. The bond is treated as an originalissue discount bond.
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a Calculate the constant yield price. Do not round intermediate calculations. Round your answer to decimal places.
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