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Pia Cloe is considering a bond investment in the Miette Music Company. The $1000 bonds have a quoted annual interest rate of 8% and the

Pia Cloe is considering a bond investment in the Miette Music Company. The $1000 bonds have a quoted annual interest rate of 8% and the interest is paid semi annually. The yeild to maturity on the bonds is 6% annually. There are 10 years to maturity. Using formula compute the price of bonds.

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