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Par: $1,000 Time to maturity: 12 years Coupon rate: 7 percent Semiannual payments Calculate the price of this bond if the YTM is: 7% 9%

Par: $1,000

Time to maturity: 12 years

Coupon rate: 7 percent

Semiannual payments

  1. Calculate the price of this bond if the YTM is:
  • 7%
  • 9%
  • 5%

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