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i use this method but got a wrong answer. is there any mistake in my method? 15. Consider a security with a face value of

image text in transcribed i use this method but got a wrong answer. is there any mistake in my method?

15. Consider a security with a face value of $100,000 to be repaid at maturity. The maturity of the security is 2 years. The coupon rate is 7% pa. and coupon payments are made semi- annually. The current discount rate is 12% pa. What is the security's price (round your answer to two decimals)

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