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Compute the price of a $1,000 par value, 6 percent (semi-annual payment) coupon bond with 29 years remaining until maturity assuming that the bond's yield

Compute the price of a $1,000 par value, 6 percent (semi-annual

payment) coupon bond with 29 years remaining until maturity

assuming that the bond's yield to maturity is 16 percent?

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