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Com[any xyz issued 10-year bonds exactly four years ago at a coupon rate of 5%. The bonds make quarterly payments and the par value of

Com[any xyz issued 10-year bonds exactly four years ago at a coupon rate of 5%. The bonds make quarterly payments and the par value of bonds is 10 000. If the effective yield (e.g. EAR) of comparable bonds is 4% percent, what is the current bond price? You should consider correct nominal rate for discounting.

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