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Yale issued bonds to fund the construction of the residence halls. The 11-year bonds have a yield of 5.27% and a coupon rate of 4.93%.

Yale issued bonds to fund the construction of the residence halls. The 11-year bonds have a yield of 5.27% and a coupon rate of 4.93%. The bond pays coupons semi-annually. What should the

bond's price be today?

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