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In Bloomberg, you observe a treasury bond priced at 1577.4. Upon examining its original details, you note an 8% coupon rate, a par value of

image text in transcribed In Bloomberg, you observe a treasury bond priced at 1577.4. Upon examining its original details, you note an 8% coupon rate, a par value of 1000 , and a maturity of 10 years. You are now assisting the government in issuing another bond with a 10 -year maturity and a 1000 par value. However, this bond has a coupon rate of 10%. What should its price be

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