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bond will pay a $ 4 0 coupon 4 months 1 0 months, and 1 6 months from today. In addition, the bond will pay

bond will pay a $40 coupon 4 months 10 months, and 16 months from today. In addition, the bond will pay its $1000 par value 16 months from today. If the yield to maturity (YTM) of the bond is 8%, what is the price of the bond today ( how much should you have to pay to buy it?)

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