Consider a security with a face value of 100000 to be, Financial Management

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Consider a security with a face value of 100000 to be

Consider a security with a face value of $100,000 to be repaid at maturity. The maturity of the security is 2 years. The coupon rate is 7% pa. and coupon payments are made semi- annually. The current discount rate is 12% pa. What is the security's price (round your answer to two decimals)?

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