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Company XYZ issued a corporate bond with a coupon rate of 11% paying coupons semiannually and will mature in 7 years. The required YTM for

Company XYZ issued a corporate bond with a coupon rate of 11% paying coupons semiannually and will mature in 7 years. The required YTM for this security is 5% semiannually. What must be the price of the bond if its face value is 20,000 pesos

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