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CKT ins. Issues a 3 0 - year semi - annual payment bonds, annual coupon rate 6 % with a 1 0 0 0 par

CKT ins. Issues a

30 -

year semi

-

annual payment bonds, annual coupon rate

6 %

with a

1000

par value. What is the price of a CKT Inc. bond if the yield to maturity is

12 % .

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