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What is the price today (in dollars and cents) of a 3 year 4.55% coupon rate bond that returns the par value of $1000 at
What is the price today (in dollars and cents) of a 3 year 4.55% coupon rate bond that returns the par value of $1000 at maturity. Use a required rate of return of 12.50?
Set calculator for at least four decimal places of accuracy**
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