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HHTL Realty issues a bond with a par value of $10,000, a 6.5% coupon rate, and 2 years to maturity. The bond pays semiannual coupons,
HHTL Realty issues a bond with a par value of $10,000, a 6.5% coupon rate, and 2 years to maturity. The bond pays semiannual coupons, and has a yield to maturity of 8% APR.
Based on this information, what is the "price" (or DCF value) of this bond?
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