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Q26) What is the price of a 1,000 par value, 14.0-year, annual bond with a 4.60% coupon rate and a yield to maturity of 8.89%

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Q26) What is the price of a 1,000 par value, 14.0-year, annual bond with a 4.60% coupon rate and a yield to maturity of 8.89% ? (1.5 points)

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