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Problem 20 You have until 1:42 PM to complete this assignment. Intro A corporate bond has 2 years to maturity, a coupon rate of 11%,
Problem 20 You have until 1:42 PM to complete this assignment. Intro A corporate bond has 2 years to maturity, a coupon rate of 11%, a face value of $1,000 and pays coupons semiannually. The market interest rate for similar bonds is 10.5%. Part 1 | Attempt 1/1 for 10 pts. What is the price of the bond (in $)? (Please enter your answer with 4 digits after the decimal point!) 0+ decimals Submit
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