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Suppose that you own a bond with the following characteristics: $1,000 face value, annual coupon payments, four years to maturity, and its yielding 6.50%. The

Suppose that you own a bond with the following characteristics: $1,000 face value, annual

coupon payments, four years to maturity, and its yielding 6.50%. The coupon payments are

$90 in year 1, $80 in year 2, $70 in year 3, and $60 in year 4. Whats the price of the bond?

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