The Derivation Inc. has a bond with the following characteristics: Par: $1,000 Time to maturity:...
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The Derivation Inc. has a bond with the following characteristics: Par: $1,000 Time to maturity: 5 years Coupon Rate: 6%, semi-annual payments Yield to maturity: 6% Calculate the price of the bond. (Enter a positive value and round to 2 decimals)
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