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Nick Turner is considering the purchase of a bond that was issued 4 years ago and has 9 years left till maturity. The bond has
Nick Turner is considering the purchase of a bond that was issued years ago and has years left till maturity. The bond has a coupon rate of percent and a face value of $ If the yield to maturity is calculate to the nearest penny the value of the bond today.
"PLACE YOUR ANSWER IN DOLLARS AND CENTS. DO NOT USE A DOLLAR SIGN OR A COMMA IN YOUR ANSWER. WORK YOUR ANALYSIS USING AT LEAST DECIMAL POINTS OF ACCURACY.
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