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You have a $1,000 face value bond. You know that it originally had a maturity of 17 years, one year ago. This bond has 6.8%
You have a $1,000 face value bond. You know that it originally had a maturity of 17 years, one year ago. This bond has 6.8% annual rate coupons, that are paid twice a year. The market for bonds like this has a YTM of 5.4% |
What is the current bond price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 12.34.) |
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