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A(n) 6% bond with 7 years left to maturity has a YTM of 8.8%. The bond's price should be $__________. You should assume that the

A(n) 6% bond with 7 years left to maturity has a YTM of 8.8%. The bond's price should be $__________. You should assume that the coupon payments occur semiannually. Round 2 decimal places.

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