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The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.8% APR, compounded semiannually.

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The yield to maturity of a $1,000 bond with a 6.7% coupon rate, semiannual coupons, and two years to maturity is 8.8% APR, compounded semiannually. What is its price? The price of the bond is $ (Round to the nearest cent.) You have an opportunity to invest $108,000 now in return for $79,700 in one year and $29,100 in two years. If your cost of capital is 8.8%, what is the NPV of this investment? The NPV will be $ (Round to the nearest cent.)

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