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Question 1 1 5 pts A bond has a par value of $ 1 0 0 0 , a coupon rate of 3 . 8

Question

11

5

pts

A bond has a par value of $

1000,

a coupon rate of

3.8 %

and annual payments. The YTM is

5.3 %

and matures in

11

years.

What is the price of the bond?

(

include cents, two decimal places

)

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