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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 10
Compute the price, today, of the following bond. The bond has semiannual coupon payments and a par value of $1,000. The bond matures in 10 years, has a coupon rate of 12.0%, and has, today, a yield to maturity (YTM) of 8.3%. The bond price is ________ For the answer: round to the nearest 0.01 cent; use comma to separate thousands; and do not use the dollar ($) sign
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