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ILoveBonds issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The coupons are semiannual, the par value is $1,000, and the
ILoveBonds issued 15-year bonds a year ago at a coupon rate of 8.1 percent. The coupons are semiannual, the par value is $1,000, and the YTM is 6.4 percent. Calculate the current bond price. |
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