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ALPHA Industries has issued a bond with the following characteristics:Par: 1000Time to maturity: 3 yearsCoupon rate: 7 percent annual payments Calculate the price of

ALPHA Industries has issued a bond with the following characteristics:Par: ₹ 1000Time to maturity: 3 yearsCoupon rate: 7 percent annual payments Calculate the price of the bond if YTM is 9 per cent.

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