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What is the price of a 7 . 5 0 % annual coupon bond, with $ 1 , 0 0 0 face value, which matures

What is the price of a

7.50 %

annual coupon bond, with $

1, 000

face value, which matures in

4

years? Assume a required return of

3.00 % .

AND the coupons are paid semi

-

annually? USING FINANCIAL CALCULATOR

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