A 3000 9 twelve-year bond with annual coupons is purchased, Finance Basics

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A 3000 9 twelve-year bond with annual coupons is purchased

Question: A $3,000 9% twelve-year bond with annual coupons is purchased with a discount of $57 and yields 9.1% if held to maturity. Find the price. (Round your answer to the nearest cent.) Please show steps. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: A 3000 9 twelve-year bond with annual coupons is purchased

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Finance Basics: A 3000 9 twelve-year bond with annual coupons is purchased

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