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A(n) 8.5% bond with 8 years left to maturity has a YTM of 8.9%. The bond's price should be $ You should assume as

A(n) 8.5% bond with 8 years left to maturity has a YTM of 8.9%. The bonds priceshould be $You should assume as usual that

A(n) 8.5% bond with 8 years left to maturity has a YTM of 8.9%. The bond's price should be $ You should assume as usual that the coupon payments occur semiannually. Do not round any intermediate work. Round your "final" answer to 2 decimal places (example: 1234.567 = 1234.57). Do not enter the $ sign. Margin of error for correct %3D responses: +/-.05.

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