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You find a $1,000 par bond with a 3.5 % semi-annual coupon and 13 years to maturity. If the current price of the bond is $865
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Answer #1

If Semi Annual Coupon Pmt payment Number of periods Presnt value Face value Nper 26 Pmt 1000*0.035*1/2 17.50 (865.00) 1,000.0

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