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What is the price of the bond if the required rate of return is 5.6% AND the coupons are paid semi- annually, par value $1000,
What is the price of the bond if the required rate of return is 5.6% AND the coupons are paid semi- annually, par value $1000, if it matures in 3 years? The answer is 1010.91 Please show work, thank you! This is all of the information provided. No other information was given to us.
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