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You are using a financial calculator to estimate the price of a $1,000 par value bond with a 7% annual coupon rate paid semiannually. The

You are using a financial calculator to estimate the price of a $1,000 par value bond with a 7% annual coupon rate paid semiannually. The bond is priced to yield 5% and it has 7 years to maturity.

You have inputted I/Y = 2.5 and FV = 1000 in your financial calculator.

You should input the values of

N= ?

and PMT= ?

in your financial calculator.

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