A bond has a coupon rate of 82 percent and 9 years until, Finance Basics

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A bond has a coupon rate of 82 percent and 9 years until

Question: A bond has a coupon rate of 8.2 percent and 9 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 "%" sign in your response.)

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Finance Basics: A bond has a coupon rate of 82 percent and 9 years until

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