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The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semiannual coupons, and two years to maturity is 7.7% APR, compounded
The yield to maturity of a $1,000 bond with a 6.8% coupon rate, semiannual coupons, and two years to maturity is 7.7% APR, compounded semiannually. What is its price? The price of the bond is $ (Round to the nearest cent.)
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Practical Financial Management
Authors: William R. Lasher
7th edition
128560721X, 9781133593669, 1133593682, 9781285607214, 978-1133593683
