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You are told that a $ 1 0 0 0 n year bond with semi - annual coupons at j 2 = 8 % ,

You are told that a $1000 nyear bond with semi-annual coupons at j2=8%,
redeemable at par, will be sold for $700 to an investor who wishes to yield j2=12%. If the coupon
rate was changed to j2=11%, what price would this investor pay for the bond? Please show all steps

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