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Previous Page Next Page Page 27 of Question 27 (3.5 points) Compute the price of a $1,000 par value, 8 percent (semi-annual payment) coupon bond

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Previous Page Next Page Page 27 of Question 27 (3.5 points) Compute the price of a $1,000 par value, 8 percent (semi-annual payment) coupon bond with 23 years remaining until maturity assuming that the bond's yield to maturity is 17 percent? (Round your answer to 2 decimal places and record your answer without dollar sign or commas). Your Answer: Answer Previous Page Next Page Page 27 of 34

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