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What is the price of a bond (to the nearest cent) with 14 years to maturity, 5.4% coupon rate, semiannual payments, par of $1000, and
What is the price of a bond (to the nearest cent) with 14 years to maturity, 5.4% coupon rate, semiannual payments, par of $1000, and the yield to maturity of 7.20%? Drop the $ sign.
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