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If the yield to maturity is 102 and the interest payments

A 6.9% bond has a maturity of 13 years. The par value of the bond is $1,000. If the yield to maturity is 10.2% and the interest payments are made semi-annually, then what is the current price of the bond?

Enter your answer rounded off to two decimal points.

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Finance Basics: If the yield to maturity is 102 and the interest payments

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Finance Basics: If the yield to maturity is 102 and the interest payments

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