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The yield to maturity of a $1,000 bond with a 7.0 % couponrate, semiannualcoupons, and two years to maturity is 7.6 % APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 7.0 % couponrate, semiannualcoupons, and two years to maturity is 7.6 % APR, compounded semiannually. What is itsprice?
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Microeconomics
Authors: Glenn Hubbard, Anthony O'Brien
7th Edition
0134737504, 978-0134737508
