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Anheuser-Busch has issued a bond with the following characteristics: maturity: 16 years, coupon rate: 6.6% (paid semi-annually), face value: $1000. Your investment advisor told you
Anheuser-Busch has issued a bond with the following characteristics: maturity: 16 years, coupon rate: 6.6% (paid semi-annually), face value: $1000. Your investment advisor told you that the yield-to-maturity on this bond is 5.3=%. What should be the price of this bond?
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