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The yield to maturity of a $1,000 bond with a 6.9% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually.
The yield to maturity of a $1,000 bond with a 6.9% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What is its price?
The price of the bond is $ ______
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Essential Mathematics For Economic Analysis
Authors: Knut Sydsaeter, Peter Hammond
3rd Edition
0273713248, 9780273713241
