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Calculate the price of a $1000 bond with a five-year maturity, an annual coupon payment with a coupon rate of 3.2%, and a yield to
Calculate the price of a $1000 bond with a five-year maturity, an annual coupon payment with a coupon rate of 3.2%, and a yield to maturity of 4.7%. Write your answer and the formula you would use in Excel.
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