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QUESTION
A bond with 12 years to maturity has a 7 percent semiannual coupon and a face value of $1000.
Hello,I know this is a last minute assignment but its really urgent and i need it done ASAP.A bond with 12 years to maturity has a 7 percent semiannual coupon and a face value of $1000. the bond currently sell $1000. what should be the price of the same risk and maturity that pays 7 percent annual coupon and has 100$ face value? Thanks
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