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An IBM 7% coupon bond pays interest semi-annually and has 5 years remaining before maturity. The IBM bond has a face value of $1,000. What
An IBM 7% coupon bond pays interest semi-annually and has 5 years remaining before maturity. The IBM bond has a face value of $1,000. What is the price of this bond if the yield to maturity is 6.0%?
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