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Posted on Jul 09, 2024

What is the price today of a 1 0 year 3 percent coupon bond that has a par value of $ 1 0 0 0

What is the price today of a

10

year

3

percent coupon bond that has a par value of $

1000

and a yield to maturity of

3

percent?

Answer: $

*

DO NOT USE COMMA OR DOLLAR SIGN IN YOUR ANSWER.

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