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Compute the price of $10,000 par value bond with a coupon rate of 7.5% (semi-annual payments) and 20 years remaining to maturity. Assume that the current yield to maturity on the bond is 8.60%.

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Compute the price of $10,000 par value bond with a coupon rate of 7.5% (semi-annual payments) and 20 years

remaining to maturity. Assume that the current yield to maturity on the bond is 8.60%.

 
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