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A bond has annual coupon rate of 7%, with interest paid semiannually. The bond matures in...

A bond has annual coupon rate of 7%, with interest paid semiannually. The bond matures in seven years. At a market discount rate of 5%, the price of this bond per 100 of par value is closest to:

Round your answer to 2 decimal places.

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SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

As nothing was mentioned excel is used.

jeff jeffy answered 7 months ago
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