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Assume that a corporate bond has a par value of $ 1 , 0 0 0 and 1 0 years until it matures. This bond

Assume that a corporate bond has a par value of
$1,000 and 10 years until it matures. This bond
also has an annual coupon rate of 8.2%, paying
interest every 6 months. If investors require a
yield-to-maturity (YTM) of 9.3%(nominal rate,
compounded semi-annually), then what should
be the current price for this bond?
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