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What is the price of a bond with a coupon rate of 9 % , payable semi - annually, a face value of $ 1

What is the price of a bond with a coupon rate of

9 %,

payable semi

-

annually, a face value of $

1000, 14

years to maturity, and a yield to maturity of

9.8 % ?

Enter your response below. Enter your answer to

2

DECIMAL PLACES.

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