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Please solve the given problem with explanation. 1. Suppose that a bond has a face value of $1,000, a coupon rate of 8% and a

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Please solve the given problem with explanation.

1. Suppose that a bond has a face value of $1,000, a coupon rate of 8% and a maturity of two years. The bond makes semi-annual coupon payments, and the yield to matunty is 6%. What is the bond's price? Answer: 1. $

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