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XYZ company has 1 0 % coupon bond that matures in 1 0 years. The bond pays its coupon semi - annually. What would be

XYZ company has

10 %

coupon bond that matures in

10

years. The bond pays its coupon semi

-

annually. What would be the price of the bond if the face value is $

1, 000

and the yield is at

9 % ?

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