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Question #2 (10 points) Bond X is a premium bond making annual payments. The bond has a coupon rate of 9 percent, a YTM

Question #2 (10 points) Bond X is a premium bond making annual payments. The bond has a coupon rate of 9 percent, a YTM of 7 percent, and has 15 years to maturity. What is the price of this bond today? (face value is $1000)

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