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1: Eastern industries offers a 6% coupon bond with quarterly payments and a yield to maturity of 8%. The bonds mature in 11 years.

1: Eastern industries offers a 6% coupon bond with quarterly payments and a yield to maturity of 8%. The bonds mature in 11 years. What is the market price per bond if the face value is $1,000? BV = + 1000* BV = 15 * - + 1000 * $ 854.60

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