Question: 6. A bond with a $10,000 par value has an 6.35% coupon rate. It will mature in 9 years, and coupon payments are made semi-annually.

6. A bond with a $10,000 par value has an 6.35% coupon rate. It will mature in 9 years, and coupon payments are made semi-annually. Present annual yields on similar 6.56%. What should current price be;

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