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  3. 6/7 problem 5 the yield to maturity of a $1,000 bo

6/7 Problem 5 The yield to maturity of a $1,000 bond with a 7.5% coupon...

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Accounting

6/7 Problem 5

The yield to maturity of a $1,000 bond with a 7.5% coupon rate, semiannual coupons, and two years to maturity is 8.4% APR, compounded semiannually. What is its price?

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