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What is the price of a 5-year, 8.3% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar
What is the price of a 5-year, 8.3% coupon rate, $1,000 face value bond that pays interest quarterly if the yield to maturity on similar bonds is 12.4%? The price of the bond is $ (Round to the nearest cent.)
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