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Consider a bond (with par value =$1,000 ) paying a coupon rate of 10% per year semiannually when the market interest rate is only 7%

Consider a bond (with par value =$1,000 ) paying a coupon rate of 10% per year semiannually when the market interest rate is only 7% per half-year. The bond has three years until maturity. Find the bond's price six months from now after the next coupon is paid

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