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Firm Z issued 11 year, semiannual-pay, $1000 par bonds 5 years ago at a coupon rate of 3.83 percent. If the YTM on these bonds
Firm Z issued 11 year, semiannual-pay, $1000 par bonds 5 years ago at a coupon rate of 3.83 percent. If the YTM on these bonds is 4.24 percent, what is the current bond price? Answer to two decimals
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