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don't solve in excel please A bond with a $200 par value has 7.5% annual coupons and is due to mature at the end of

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A bond with a $200 par value has 7.5% annual coupons and is due to mature at the end of 15 years. The bond will be redeemed at maturity for an amount equal to its par value less a service charge. The service charge is equal to 35% of the excess (if any) of the par value over the purchase price. A prospective purchaser offers a price that will produce a yield equivalent to a 7% annual effective interest rate, taking into account the deduction of the service charge. What's the price of the bond

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