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Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of 1 2 percent and matures in
Calculate the price of a bond originally issued six years ago that pays semiannual interest at the rate of percent and matures in seven years at $ The market currently requires an percent return for a bond of this risk. Use a Financial calculator to arrive at the answers. Do not round intermediate calculations. Round the final answer to decimal places.
Price of a bond
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