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What is the price of a 12-year bond paying 9.4 % annual coupons with a face (par) value of $1,000 if the market rates for
What is the price of a 12-year bond paying 9.4 % annual coupons with a face (par) value of $1,000 if the market rates for these bonds are 7.6 %? Answer to the nearest cent, xxx.xx and enter without the dollar sign
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