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What is the price of a bond with the following features? o Face Value = $1,000 o Coupon Rate = 3% (stated as an ANNUAL

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What is the price of a bond with the following features? o Face Value = $1,000 o Coupon Rate = 3% (stated as an ANNUAL rate) o Semiannual coupon payments o Maturity = 8 years o YTM = 6.83% (Stated as an APR) State your answer to the nearest penny (e.g.. 984.25)

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