A quarterly coupon bond has a face value of $1,000 and a coupon rate of 6.6%. Time to maturity is 7 years and the curren

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answerhappygod
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A quarterly coupon bond has a face value of $1,000 and a coupon rate of 6.6%. Time to maturity is 7 years and the curren

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A quarterly coupon bond has a face value of $1,000 and a couponrate of 6.6%. Time to maturity is 7 years and the current yield tomaturity is 5.3%. How much is this bond worth? Round to the nearestcent.
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