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Today, you are buying a semi-annual coupon bond with a $1,000 face value. It matures in five years and the current market interest rate is
Today, you are buying a semi-annual coupon bond with a $1,000 face value. It matures in five years and the current market interest rate is 4.82%. The bonds coupon rate is 8%. The next coupon payment is one month from now. Please find the final invoice price for bond purchaser.
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