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The Government of Canada has issued bonds with a 6.2% coupon rate, coupons are paid semi-annually and the bond has 20 years until maturity. If
The Government of Canada has issued bonds with a 6.2% coupon rate, coupons are paid semi-annually and the bond has 20 years until maturity. If the yield-to-maturity for the bonds is quoted as 7.46% per year (compounded semi-annually), then the price of a $1,000 face value bond is what?
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