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The yield to maturity of a $ 1 comma 000$1,000 bond with a 7.3 %7.3% coupon rate, semiannual coupons, and two years to maturity is
The yield to maturity of a
$ 1 comma 000$1,000
bond with a
7.3 %7.3%
coupon rate, semiannual coupons, and two years to maturity is
7.8 %7.8%
APR, compounded semiannually. What is its price?
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