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Compute the price of a $ 1 , 0 0 0 par value, 8 percent ( semi - annual payment ) coupon bond with 2

Compute the price of a $1,000 par value, 8 percent (semi-annual
payment) coupon bond with 22 years remaining until maturity
assuming that the bond's yield to maturity is 17 percent? (Round
your answer to 2 decimal places and record your answer without
dollar sign or commas).

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