You are considering the purchase of a $1,000 par value bond with a coupon rate of 6.4% (with interest paid semiannually)

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answerhappygod
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You are considering the purchase of a $1,000 par value bond with a coupon rate of 6.4% (with interest paid semiannually)

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You Are Considering The Purchase Of A 1 000 Par Value Bond With A Coupon Rate Of 6 4 With Interest Paid Semiannually 1
You Are Considering The Purchase Of A 1 000 Par Value Bond With A Coupon Rate Of 6 4 With Interest Paid Semiannually 1 (14.26 KiB) Viewed 8 times
You are considering the purchase of a $1,000 par value bond with a coupon rate of 6.4% (with interest paid semiannually) that matures in 12 years. If the bond is priced to yield 9%, what is the bond's current price? The bond's current price is $. (Round to the nearest cent.) ←
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