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Ameritech has just issued a $1,000 par value bond that will mature in 10 years. This bond pays interest of $50 every six months. If

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Ameritech has just issued a $1,000 par value bond that will mature in 10 years. This bond pays interest of $50 every six months. If the annual yield to maturity of this bond is 8%, what is the price of the Ameritech bond if the market is in equilibrium? A bond has a maturity date of ten years and the following features: $1000 par value and annual interest of $50. Currently the yield on comparable bonds is 9%. What should be the price of this bond

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