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Two years ago, XYZ Ltd. issued a 10-year, 9% coupon bond with a face value of $1,000. The bond makes quarterly coupon payments. Today, the
Two years ago, XYZ Ltd. issued a 10-year, 9% coupon bond with a face value of $1,000. The bond makes quarterly coupon payments. Today, the bond yields an APR of 10% compounded semi-annually. What is the price of this bond today?
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