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You are offered a bond with semiannual payments and a coupon rate of 5 percent. The yield to maturity is 5.62 percent and the maturity
You are offered a bond with semiannual payments and a coupon rate of 5 percent. The yield to maturity is 5.62 percent and the maturity date is 9 years away. What is the market price of one $1,000 face value bond?
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