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A(n) 10.5% bond with 11 years left to maturity has a YTM of 8.0%. The bond's price should be $__________. You should assume that the

A(n) 10.5% bond with 11 years left to maturity has a YTM of 8.0%. The bond's price should be $__________. You should assume that the coupon payments occur semiannually.

FV: 1,000

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