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XYZCorp. has decided to do things differently with respect to their corporate bond issue. They have a bond outstanding that makes QUARTERLY coupon payments instead

XYZCorp. has decided to do things differently with respect to their corporate bond issue. They have a bond outstanding that makes QUARTERLY coupon payments instead of SEMIANNUALLY. The stated coupon rate on the bond is 8% and the yield to maturity on the 4-year bond is 10%. What is the price of the bond?

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