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Reconsider the example above, where you are contemplating the purchase of the coupon bond with a...

Reconsider the example above, where you are contemplating the purchase of the coupon bond with a face value of $1,000, which matures in 17 years, and pays 6.15% (annual) coupons. Now, If you require a return of 6.75% on this instrument, how much would you offer to pay for it today? [Present the answer rounded to two decimal places. For instance 1045.16]

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B C D E F G HNMON Price of bond is equal to the present value of cash inflows 17 Years to maturity Coupon rate YTM Par value

E8 A B ou WNP Price of bond is equal to the present value of cas 17 8 9 Years to maturity Coupon rate YTM Par value Current m

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