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(LO 6.3) The present value of a dollar to be received one year from today is 0.927644. The present value of a dollar to be

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(LO 6.3) The present value of a dollar to be received one year from today is 0.927644. The present value of a dollar to be received two years from today is 0.854172. What is the price of a bond that pays an annual coupon of 7 percent and matures in two years? Find its yield to maturity

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