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QUESTION 18 A coupon bond has a face value of $1000. with 4.21% coupon rate. It matures in 8 years, and has a yield to

QUESTION 18

A coupon bond has a face value of $1000. with 4.21% coupon rate. It matures in 8 years, and has a yield to maturity of 7.64%. What is the price of the bond?

NOTE: Submit your answers with 4 decimals after the dot.

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