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King Fisher has issued a bond with the following characteristics: Par $1,000 Time to maturity: 15 years Coupon rate: 7 percent Semiannual payments Calculate the

King Fisher has issued a bond with the following characteristics:

Par $1,000

Time to maturity: 15 years

Coupon rate: 7 percent

Semiannual payments

Calculate the price of the bond if the YTM is:

10%

12%

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