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yield of Loans Banking offers 7.5 percent coupon bonds with semiannual payments and a yield to maturity of 8.55 percent. The bonds mature in 16

yield of Loans Banking offers 7.5 percent coupon bonds with semiannual payments and a yield to maturity of 8.55 percent. The bonds mature in 16 years. What is the market price per bond if the face value is $1,000

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