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The Modigliani Company has a discount bond making semiannual payments. This bond pays a 6 percent coupon, has a YTM of 10.5 percent, and also

The Modigliani Company has a discount bond making semiannual payments. This bond pays a 6 percent coupon, has a YTM of 10.5 percent, and also has 13 years to maturity. Assume interest rates remain unchanged.

Calculate the price of Modigliani Company bond, in year 8, in year 12.

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