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What is the price of a $1,000 par value semi-annual bond with 24 years to maturity and a coupon rate of 10.8% and a yield-to-maturity
What is the price of a $1,000 par value semi-annual bond with 24 years to maturity and a coupon rate of 10.8% and a yield-to-maturity of 9.9%?
(please show work/formula)
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