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Burns Power Co . ' s bond will mature in 1 0 years. The bond has a face value of $ 1 0 0 0

Burns Power Co

.'

s bond will mature in

10

years. The bond has a face value of $

1000

and a

6 %

coupon rate paid semiannually. The yield to maturity is

7.6 % .

What is the bond's price?

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