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Even though most corporate bonds in the United States makecoupon payments semiannually, bonds issued elsewhere often haveannual coupon payments. Suppose a German company issues a bond witha par value of? 1000, 25 years to maturity, and a coupon rate of6.4 percent paid annually. If the yield to maturity is 7.5 percent,what is the current price of the bond?If the yield to maturity is 8.2 percent, what is the currentprice of the bond? (Do not round intermediate calculationsand round your answer to 2 decimal places, e.g.,32.16.)______price?
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