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Consider a bond with a coupon rate of 7 % that is paid semi - annually and matures in 1 . 5 years. The maturity

Consider a bond with a coupon rate of 7% that is paid semi-annually and matures in 1.5 years. The maturity value of the bond is $10,000. Investors require a 10% yield to buy this bond.What is the price of the bond? (In the calculation use continuous compounding.)

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