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You run a company and decide to issue 1 2 % bond, dated January 1 , with a face value of $ 9 , 2
You run a company and decide to issue bond, dated January with a face value of $ on January The maturity date is December years For bonds of similar risk and maturity, the market yield is You want to pay coupon semiannually on June and December What is the issue price of your bond? Round your answer in whole dollars.
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