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Mr. Chan is considering investing $5 million to purchase some bonds. All bonds have market prices that imply a yield to maturity of 8% paid

Mr. Chan is considering investing $5 million to purchase some bonds. All bonds have market prices that imply a yield to maturity of 8% paid semiannually. He is particularly interested in a bond that matures in 6 years and pays a 10% coupon. At what price should this bond currently sell? Please show all Values e.g pmt, fv, I/y etc

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