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Fleming Enterprises has outstanding a 7.12% coupon bond with a remaining maturity of 24 years. The face value of the bond is $1,000 and coupons
Fleming Enterprises has outstanding a 7.12% coupon bond with a remaining maturity of 24 years. The face value of the bond is $1,000 and coupons are paid semiannually. What is the value (price) of this bond if your required rate of return (the annualized nominal yield to maturity) is 8.01%? Answer in dollars to two decimal places
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