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You have a $ 1 , 0 0 0 face value bond. You know that it originally had a maturity of 1 6 years, one
You have a $ face value bond. You know that it originally had a maturity of years, one year ago. This bond has annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of
What is the current price?
Do not round intermediate calculations and round your answer to decimal places, eg
Current bond price
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