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The yeild to maturity of a $ 1 0 0 0 bond with a 6 . 6 % coupon rate, semiannual coupons, and two years

The yeild to maturity of a $

1000

bond with a

6.6 %

coupon rate, semiannual coupons, and two years to marurtiy is

8.9 %

APR, compounded semiannually. What is its price? Solve using PV excel function.

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