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What is the value of a semi-annual interest bond with 6 years tomaturity, 5 percent coupon, $1,000 par value, that is currentlyprice to yield 7%?

What is the value of a semi-annual interest bond with 6 years tomaturity, 5 percent coupon, $1,000 par value, that is currentlyprice to yield 7%? 2 answers

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