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You are considering buying a bond that pay 2 0 semi - annual coupons of $ 5 0 over the remaining maturity period. If the

You are considering buying a bond that pay

20

semi

-

annual coupons of $

50

over the remaining maturity period. If the bond has the par value of $

1, 000

and you require

11 %

yield, what would be the price you would want to pay for the bond?

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