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ARONA Company issued a bond at par, with a face value of $14,000 at the end of 3 years. The Yield to Maturity of the

ARONA Company issued a bond at par, with a face value of $14,000 at the end of 3 years. The Yield to Maturity of the Bond (YTM) was stated as 6% and the annual coupon of $200 paid at the end of each year.

A.) Calculate the price of the Bond by using the formula (show your calculations).

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