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Posted on Aug 09, 2024

Suppose a bond has 1 3 . 1 years to maturity and a coupon rate of 7 . 1 % , pays interest semiannually. The

Suppose a bond has

13.1

years to maturity and a coupon rate of

7.1 %,

pays interest semiannually. The bond

s yield to maturity is

10

percent. What

s the price?

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