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Speedy Service Inc. has an 8% coupon bond that matures in 11 years. The bond pays interest semi-annually. What is the market price of a
Speedy Service Inc. has an 8% coupon bond that matures in 11 years. The bond pays interest semi-annually. What is the market price of a $1,000 face value bond if the yield to maturity is 8.8%? Round your answer to the nearest cent. Do not enter dollar signs, commas, or spaces. Make sure you enter your answer as a POSITVE number.
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