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Find the price of a bond with a $ 1 0 , 0 0 0 par value and a coupon rate of 5 . 5

Find the price of a bond with a $

10, 000

par value and a coupon rate of

5.52 %

payable

yearly. The bond matures in

10

years and is priced to yield

6.78 % ? (10

points

)

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