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What must be the price of a $ 1 0 , 0 0 0 bond with a 6 . 9 % coupon rate, semiannual coupons,

What must be the price of a $

10, 000

bond with a

6.9 %

coupon rate, semiannual coupons, and five years to maturity if it has a yield to maturity of

8 %

APR?

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