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You purchased a semi-annual interest coupon bond one year ago that now has six years remaining until maturity. The coupon rate of interest was 10%,
You purchased a semi-annual interest coupon bond one year ago that now has six years remaining until maturity. The coupon rate of interest was 10%, and par value was $1,000. At the time you purchased the bond, the yield to maturity was 8%. What was the amount you paid for this bond one year ago
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