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Abond matures in 12.5 years from now, has a coupon rate of 7.6%, a face value of $1000, and pays interest semiannually. If the YTM

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Abond matures in 12.5 years from now, has a coupon rate of 7.6%, a face value of $1000, and pays interest semiannually. If the YTM right now for the bond is 8.6%, what is a fair price for the bond? HINT: this is just a TVM problem where the price is PV. Make the price be positive and answer in dollars and cents

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