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What is the price of an coupon bond

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Reference no: EM132964628

Question - What is the price of an 11-year coupon bond paying 5 % annual coupons with a face value of par value ($1,000), if the market rates for these bonds are 6.4 %? Answer to the nearest cent, xxx.xx and enter without the dollar sign.

Reference no: EM132964628

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