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A semi - annual bond has a face value of $ 1 , 0 0 0 , a coupon rate of 9 . 4 %

A semi

-

annual bond has a face value of $

1, 000,

a coupon rate of

9.4 %,

a yield to maturity of

11.3 %

and has

16

years remaining to maturity. What is the price of the bond?

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