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Find the value of a 7-year semiannual coupon bond with face value of $2,000 and a coupon rate of 18.61% if the YTM is 9.46%.
Find the value of a 7-year semiannual coupon bond with face value of $2,000 and a coupon rate of 18.61% if the YTM is 9.46%. Report your answer using the bond price quote convention discussed in class.
Please solve for each step and please don't use excel.
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