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What is the current market price of a bond paying a 7.0% coupon that matures in 8 years? Current market interest rate (YTM) now is
What is the current market price of a bond paying a 7.0% coupon that matures in 8 years? Current market interest rate (YTM) now is 5.0% for such bonds. (Treat bond interest as paid semi-annually)
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