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Duke's sausage has a bond with the following characteristics; a coupon rate of 1.4%, a par value of $1000, 6 years to maturity, and a
Duke's sausage has a bond with the following characteristics; a coupon rate of 1.4%, a par value of $1000, 6 years to maturity, and a Yield to Maturity of 7.9%?
What would you be willing to pay for this bond?
(Enter the absolute value of your response to two decimal places, ex: 123.45 NOT -123.45)
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