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Two years ago, Crimson Chemicals issued a 10-year, $1000 face-value bond with a coupon rate of 5% and semiannual coupons. Today, right after the 4
Two years ago, Crimson Chemicals issued a 10-year, $1000 face-value bond with a coupon rate of 5% and semiannual coupons. Today, right after the 4th coupon payment, the bonds yield to maturity (YTM) is 8%. What is the current bond price?
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