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  3. the yield to maturity of a $1,000 bond with a 6.6%

The yield to maturity of a $1,000 bond with a 6.6% coupon rate, semiannual coupons,...

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Accounting

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The yield to maturity of a $1,000 bond with a 6.6% coupon rate, semiannual coupons, and two years to maturity is 8.8% APR, compounded semiannually. What is its price? The price of the bond is $ (Round to the nearest cent.)

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