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Compute the price, today, of the following bond. The bond has semiannual coupon payments and a par value of $1,000. The bond matures in 20

Compute the price, today, of the following bond. The bond has semiannual coupon payments and a par value of $1,000. The bond matures in 20 years, has a coupon rate of 11.7%, and has, today, a yield to maturity (YTM) of 8.6%. The bond price is

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