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What should a 8 year, $1,000 face amount 4% semi-annual coupon bond sell for, if the prevailing interest rate is 5.3% EAR per year? Give
What should a 8 year, $1,000 face amount 4% semi-annual coupon bond sell for, if the prevailing interest rate is 5.3% EAR per year? Give your answer in dollars to the closest penny
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