Question a bond has a coupon rate of 83 percent and 8 years, Ask an Expert

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Question: A bond has a coupon rate of 8.3 percent and 8 years until maturity. If the yield to maturity is 7.4 percent, what is the price of the bond? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.) Price of the bond $

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