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Consider a bond that has a coupon rate of 6% per year , with coupons being paid semi - annually. The face value is $1,000,

Consider a bond that has a coupon rate of 6% per year , with coupons being paid semi - annually. The face value is $1,000, and t he bond will mature 15 years from now. What is the current price of the bond if the yield to maturity is 5 % per year compounded semi - annually? S how your calculation.

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