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a semi - annual coupon bond has 8 years to maturity and a face value of $ 1 0 0 0 . Suppose the bond

a semi

-

annual coupon bond has

8

years to maturity and a face value of $

1000 .

Suppose the bond has an annual coupon rate of

12 %

and the current yield to maturity is

16 % .

What is the current price of the bond

?

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