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Setting up the number with a semi annually

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A bond issued with a face value of $1,000 pays a 6% coupon rate semiannually. It matures in four years. Current market interest is 7.5% What is the price?

Can you also walk me through setting up the number with a semi annually pay like is PMT divided by 2 and N value divided by 2 or what.

Reference no: EM131772349

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