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  3. a bond offers a coupon rate of 13%, paid semiannua

A bond offers a coupon rate of 13%, paid semiannually, and has a maturity of...

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Finance

A bond offers a coupon rate of 13%, paid semiannually, and has a maturity of 9 years. If the current market yield is 15%, what should be the price of this bond? Enter your answer in dollars, without the dollar sign ('$'), and rounded to the nearest cent (2 decimals).

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