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Digi - Flow Inc. issued a bond with a coupon rate of 9 % , payable quarterly. The bond matures in 1 5 years. It

Digi

-

Flow Inc. issued a bond with a coupon rate of

9 %,

payable quarterly. The bond matures in

15

years. It has a face value of $

1, 000

and a yield to maturity of

7 % .

What is the price of the bond?

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