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If an American Coupon bond with a face value of $1,000, coupon payment of 5%, and market yield of 6% is scheduled to mature in

If an American Coupon bond with a face value of $1,000, coupon payment of 5%, and market yield of 6% is scheduled to mature in 10years, what is the present value of the bond? (5 points); NB. American bonds make semi-annual payments.

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