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Tong corporation's bonds have 5 years to maturity with $1000 par value, assume that this bond pays coupon interest of 8% with semiannual compounding. YTM
Tong corporation's bonds have 5 years to maturity with $1000 par value, assume that this bond pays coupon interest of 8% with semiannual compounding. YTM is 9%. What is bond's current price? Answer to the nearest cent
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