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You learned that XYZ , Inc. has a bond with $ 1 , 0 0 0 face value. The bond carries a 6 % coupon,
You learned that XYZ Inc. has a bond with $ face value. The bond carries a coupon, paid semiannually, and matures in years.
What is the fair market value of the bond if the yield to maturity is only
Round your answer to the nearest hundredth; two decimal places
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