Question: A three-year bond has 4.0% coupon rate and face value of $1000. If the yield to maturity on the bond is 8.0%, calculate the price

A three-year bond has 4.0% coupon rate and face value of $1000. If the yield to maturity on the bond is 8.0%, calculate the price of the bond assuming that the bond makes semi-annual coupon interest payments.

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