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bond when it was issued was 5 . 5 % . Assuming the yield to maturity remains constant, what is the price of the bond

bond when it was issued was

5.5 % .

Assuming the yield to maturity remains constant, what is the price of the bond immediately before it makes its first coupon payment?

Before the first coupon payment, the price of the bond is $

, (

Round to the nearest cent.

)

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