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Problem 10-3 Bond Prices (LO1, CFA3) A bond has a coupon rate of 8.9 percent and 5 years until maturity. If the yield to maturity

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Problem 10-3 Bond Prices (LO1, CFA3) A bond has a coupon rate of 8.9 percent and 5 years until maturity. If the yield to maturity is 77 percent, what is the price of the bond? (Do not round Intermediate calculations. Round your answer to 2 decimal places.) Price

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