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Compute the price of a bond issued in November 2007 (first payment in May 2008) and expiring in 2022 with a coupon rate of 6%
Compute the price of a bond issued in November 2007 (first payment in May 2008) and expiring in 2022 with a coupon rate of 6% (APR) and a face value of $ 1,000 and semiannual payments. Assume also that the market yield to maturity is 8% (APR).
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