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What is the value (to the nearest cent) of a 6 year 5.9% coupon bond with a face value of $1,000. The yield-to-maturity on the
What is the value (to the nearest cent) of a 6 year 5.9% coupon bond with a face value of $1,000. The yield-to-maturity on the bond is 8.8% and the bond makes semi-annual coupon payments.
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