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Consider a coupon bond that has a face value of $1000, has a yield of 16%,...

Consider a coupon bond that has a face value of $1000, has a yield of 16%,
pays a semi annual coupon of 70, and matures in one year. Assuming that the
bond will pay the face value amount that the cost coupon payment on the
maturity date. Calculate the price of the bond.

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