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A bond has a coupon rate of 104 percent and 2 years until

A bond has a coupon rate of 10.4 percent and 2 years until maturity. If the yield to maturity is 9.8 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.)

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Business Management: A bond has a coupon rate of 104 percent and 2 years until

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