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Calculate the price of a bond with a par value of $1,000 to be paid in ten years, a coupon rate of 10%, and a
Calculate the price of a bond with a par value of $1,000 to be paid in ten years, a coupon rate of 10%, and a yield to maturity of 12%. Assume coupon payments are made semiannually to bond holders and that the next coupon payment is expected in six months.
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