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You are considering the purchase of a 51,000 par valuet bond with a coupon rate of 69% (with interest paid semiannually) that matures in 12

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You are considering the purchase of a 51,000 par valuet bond with a coupon rate of 69% (with interest paid semiannually) that matures in 12 yearn if the bond is priced to yicld 85 . what is the bond s current price? The bends cument price is 1 (Round to the nearest cent)

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