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On 1 July 2 0 2 0 , a company - issued a 1 0 - year fixed - interest bonds with a face value
On July a companyissued a year fixedinterest bonds with a face value of $ million, paying halfyearly coupons at per cent per annum. Coupons are payable on June and December each year until maturity.
On th April the holder of the bonds sells at a current yield of per cent per annum. Calculate the price at which the investor sold the bond.
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