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An annual coupon bond has a coupon rate of 9 percent, 21 years to maturity,...

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Finance

An annual coupon bond has a coupon rate of 9 percent, 21 years to maturity, a par value of $1000, and a yield to maturity of 8 percent. What is the bond price? Answer to the nearest cent and do not include the $ sign. For example, if the price is $100.25, you should enter 100.25 as the answer.

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