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Business, 06.06.2020 15:57 smithcj0505

ibn corporation has outstanding bonds with a 6-year maturity, $1,000 par value, and 7% annual coupon paid semi-annually, and those bonds are sold at their par value. ibn has another bond with the same risk, maturity, and par value, but this second bond pays a 6% annual coupon bond every 6 months. What is the price of the second bond

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