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Calculate the price of a bond with these characteristics: coupon payments semi-annually; coupon rate 10 percent annually (5 percent semiannually); 8 years to maturity; interest

Calculate the price of a bond with these characteristics: coupon payments semi-annually; coupon rate 10 percent annually (5 percent semiannually); 8 years to maturity; interest rate (yield to maturity) 3.2 percent annually; par value =$1,000

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