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Please explain this question, and why the red cricle is not $1000. Example: Calculate the current price of a 6.5 % semi-annual coupon bond, with

Please explain this question, and why the red cricle is not $1000.

Example: Calculate the current price of a 6.5 % semi-annual coupon bond, with a $1,000 face value which matures in 3 years. Assume a required return of 6%

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