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G-Dawg, Inc. plans to issue a $5000 par value bond that will mature exactly 17 years from today. The bond will have a coupon rate
G-Dawg, Inc. plans to issue a $5000 par value bond that will mature exactly 17 years from today. The bond will have a coupon rate of 8.86%, and it will make quarterly (i.e., 4 times per year) coupon payments. If the yield to maturity for the bond is 7.48%, what will the price of the bond be?
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