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Determine the price of the bond that pays coupons monthly. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to

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Determine the price of the bond that pays coupons monthly. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places, e.g. 1564.25. Round intermediate calculations to 6 decimal places, e.g. 1.251246.) Price of bond Attempts: 0 of 3 used Using multiple attempts will impact your score. 25% score reduction after attempt 1 Suppose that, several years ago, the Canadian government issued three very similar bonds; each has a $1,000 face value and a 11-percent coupon rate and will mature in 4 years. The only difference between the bonds is the frequency of the coupon payments. Assume the market yield is now 6.4 percent

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