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A Property offers bonds with a coupon rate of 6.8 percent paid annually . The yield to maturity is 10.2 percent and the maturity date
A Property offers bonds with a coupon rate of 6.8 percent paid annually. The yield to maturity is 10.2 percent and the maturity date is 10 years from today.
What is the market price of this bond if the face value is $1,000?
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