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  3. a 8 year $1000 face-value coupon bond pays semi-an

A 8 year $1000 face-value coupon bond pays semi-annual interest. The bond has a yield...

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Accounting

A 8 year $1000 face-value coupon bond pays semi-annual interest. The bond has a yield to maturity of 6%. If the coupon rate is 7%, the price of the bond today will be approximately equal to

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