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Suppose you have an 8 % semiannual - pay bond with a face value of $ 1 , 0 0 0 that matures in 7

Suppose you have an

8 %

semiannual

-

pay bond with a face value of $

1, 000

that matures in

7

years. If the yield is

10 %,

what is the price of this bond?

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