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Norwegian Adventures offers a 6.15% coupon bond with semiannual payments. The yield to maturity is 6.81%. This bond is a 20-year bond issued 2 years
Norwegian Adventures offers a 6.15% coupon bond with semiannual payments. The yield to maturity is 6.81%. This bond is a 20-year bond issued 2 years ago. What is the market price of this bond?
Please use written formulas not excel
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