Question: CKT ins. Issues a 3 0 - year semi - annual payment bonds, annual coupon rate 6 % with a 1 0 0 0 par

CKT ins. Issues a 30-year semi-annual payment bonds, annual coupon rate 6% with a 1000 par value. What is the price of a CKT Inc. bond if the yield to maturity is 12%.

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