Question: Compute the current price of Blanchett bonds based on the following information: Blanchett bonds have a $1000 par value, have 20 years remaining until maturity,

Compute the current price of Blanchett bonds based on the following information: Blanchett bonds have a $1000 par value, have 20 years remaining until maturity, a 13 percent coupon rate, paid semi-annually, and a current yield to maturity of 11 percent per annum.

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