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You have a 7 - year bond, with $ 1 , 0 0 0 face value, 5 . 5 0 % coupon rate, semiannual coupon

You have a $7 -$ year bond, with $ $1, 000$ face value, $5.50 %$ coupon rate, semiannual coupon payments, and yield to maturity of $6.50 % .$ What is its price?

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Question

You have a 7 - year bond, with $ 1 , 0 0 0 face value, 5 . 5 0 % coupon rate, semiannual coupon

You have a 7-year bond, with $1,000 face value, 5.50% coupon rate, semiannual coupon payments, and yield to maturity of 6.50%. What is its price?

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Step: 1

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Recommended Textbook for

Investment Analysis And Portfolio Management

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You have a $7 -$ year bond, with $ $1, 000$ face value, $5.50 %$ coupon rate, semiannual coupon payments, and yield to maturity of $6.50 % .$ What is its price?