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Bill just purchased a semiannual bond from Gates Inc. The bond had 10 years left until it matured and a 9.25% coupon rate. If the

Bill just purchased a semiannual bond from Gates Inc. The bond had 10 years left until it matured and a 9.25% coupon rate. If the yield to maturity on the bond was 6.50%, how much did Bill pay for the 2 answers

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