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Consider a semi-annual coupon bond with 4% coupon rate, $1,000 facevalue and 8 year term. How much is this bond worth if its yield tomaturity

Consider a semi-annual coupon bond with 4% coupon rate, $1,000 facevalue and 8 year term. How much is this bond worth if its yield tomaturity is 5%? Round to the nearest dollar. 2 answers

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