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What is the price of a bond with a coupon rate of 15.60% and semi-annual payments, if the yield-to-maturity is 10.80% and the bond matures
What is the price of a bond with a coupon rate of 15.60% and semi-annual payments, if the yield-to-maturity is 10.80% and the bond matures in 20 years? Assume a par value of $1,000.
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