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Posted on Jul 29, 2024

The yield to maturity of a $1,000 bond with a 7.0% 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 7.0% coupon rate, semiannual coupons, and two years to maturity is 7.6% APR, compounded semiannually. What is its price?

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