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the company has 1 0 , 0 0 0 coupon bonds outstanding, each with a maturity of 1 0 years, face value of $ 1

the company has 10,000 coupon bonds outstanding, each with a maturity of 10 years, face value of $1000, and a coupon rate of 6%. Coupons are paid quaterly but interest is compounded semi-annually. the yield on this bond issue is 5.5%. What is the price of the bond?

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