Question: Alex has 1 5 years remaining on $ 1 , 2 0 0 par value semiannual coupon bonds paying semiannual coupons of $ 3 0

Alex has 15 years remaining on $1,200 par value semiannual coupon bonds paying
semiannual coupons of $300. If the yield to maturity on these bonds is 6% per year, what
is the current price?

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