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Calculate the market price of a $1,000 face value bond under the following conditions. Assume interest is paid semiannually. Do not round intermediate calculations. Round
Calculate the market price of a $1,000 face value bond under the following conditions. Assume interest is paid semiannually. Do not round intermediate calculations. Round PVFA and PVF values in intermediate calculations to four decimal places. Round the answers to the nearest cent. Current Market Coupon Rate Time Until Maturity Market Price Rate 10% $11,230.59 | 12 6 $ 1,514.60 13% 15 years $852.80 10 25 14 8
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