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Bond Price (Semi-Annual Payments) A General Motors Semi-annual bond carries a coupon rate of 12.70%, has 29 years until maturity, and sells at a yield

Bond Price (Semi-Annual Payments)

A General Motors Semi-annual bond carries a coupon rate of 12.70%, has 29 years until maturity, and sells at a yield to maturity of 13.33%. What price does the bond sell?

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