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Party Time, Inc. has a 6 % coupon bond that matures in 1 1 years. The bond pays interest semiannually. What is the market price

Party Time, Inc. has a

6 %

coupon bond that matures in

11

years. The bond pays interest semiannually. What is the market price of a $

1, 000

face value bond if the yield to maturity is

12.9 % ?

Can you please show actual no work

(

no Financial Calculator or Excel

)

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