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undefined Homework: HW 2 Save Score: 0 of 1 pt 7 of 16 (5 complete) HW Score: 30.95%, 6.5 of 21 pts P 6-10 (similar

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Homework: HW 2 Save Score: 0 of 1 pt 7 of 16 (5 complete) HW Score: 30.95%, 6.5 of 21 pts P 6-10 (similar to) Question Help The yield to maturity of a $1,000 bond with a 7.4% coupon rate, semiannual coupons, and two years to maturity is 7.8% APR, compounded semiannually. What is its price? The price of the bond is $ (Round to the nearest cent.)

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