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Acme Corporation has issued a 10-year maturity, $1,000 par value bond that pays coupons twice per year, with the next coupon arriving in 6 months.
Acme Corporation has issued a 10-year maturity, $1,000 par value bond that pays coupons twice per year, with the next coupon arriving in 6 months. The coupon rate is 6.0% and the yield to maturity is 8.8%. Acme's credit spread is 7.5%. Which of these answers is closest to the price of this bond?
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