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Kevin Oh is planning to sell a bond that he owns. This bond has four years to maturity and pays a coupon of 1 0
Kevin Oh is planning to sell a bond that he owns. This bond has four years to maturity and pays a coupon of percent on a semiannual basis. Similar bonds in the current market have a yield to maturity of percent. What will be the price that he will get for his bond?
Do not round intermediate computations. Round your final answer to the nearest dollar.
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