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A US bond with 1 5 years until maturity has a coupon rate of 1 6 % . If this bond pays four payments per

A US bond with

15

years until maturity has a coupon rate of

16 % .

If this bond pays four payments per year, then how much is the price at t

= 0

if the yield to maturity is

12 %

With bond price is

1000

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