A company offers a 6 coupon bond with a yield-to-maturity, Financial Management

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A company offers a 6 coupon bond with a yield-to-maturity

A company offers a 6% coupon bond with a yield-to-maturity of 6.5% compounded semi-annually. The bond pays interest semi-annually and matures in twelve years. If the par value is $1,000, then what is the current bond price? Round your answer to two decimal places.

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Financial Management: A company offers a 6 coupon bond with a yield-to-maturity

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