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Calculate the value (price) of a $5,000 par value bond which pays quarterly interest at an annual coupon rate of 8.69% and has 10 years
Calculate the value (price) of a $5,000 par value bond which pays quarterly interest at an annual coupon rate of 8.69% and has 10 years until maturity. The yield on similar risk bonds is currently 8.54% (nominal annual with quarterly compounding). Answer in dollars to two decimal places. Do not enter the dollar sign and do not enter commas
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