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be given credit. 1. A bond has 8 years to maturity, a 7 percent coupon, a $1,000 face value, and pays interest semiannually. What is

be given credit. 1. A bond has 8 years to maturity, a 7 percent coupon, a $1,000 face value, and pays interest semiannually. What is the bond's current price if the yield to maturity is 6.91 percent

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