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Ramped Streetwear just issued a $1000 par value bond with a 17.78% coupon rate (semi-annual payments). The bond matures in 13 years. If the yield

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Ramped Streetwear just issued a $1000 par value bond with a 17.78% coupon rate (semi-annual payments). The bond matures in 13 years. If the yield to maturity on this bond is 11.5%, what is the current price of these Ramped Streetwear bonds? Enter your answer as a dollar amount rounded to 2 decimal places, but do not include the dollar sign or any commas in your answer. For example, record $13,294.287342 as 13294.29. Your Answer: 1,474,25 Answer Previous Page Next Page Page 16 of 41 5

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