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Tennieh a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. The yield to maturity is 6.7 percent and the bond matures in...

Tennieh a bond outstanding with a coupon rate of 5.34 percent and semiannual payments. The yield to maturity is 6.7 percent and the bond matures in 18 years. What is the market price if the bond has a par value of $1,000?

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The market value of the bond =... View the full answer

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