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What is the price of a semi-annual coupon bond that has an annual coupon rate of 6%, face value of $1,000, time to maturity of
What is the price of a semi-annual coupon bond that has an annual coupon rate of 6%, face value of $1,000, time to maturity of 10 years, and offers an annual YTM of 6%. (Hint: the six month YTM is 3%.)
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