Question: Problem 6-9 Question Help The yield to maturity of a $1,000 bond with a 7.5% coupon rate, semi-annual coupons, and two years to maturity is

Problem 6-9 Question Help The yield to maturity of a $1,000 bond with a 7.5% coupon rate, semi-annual coupons, and two years to maturity is 7.8% APR, compounded semi-annually. What must its price be? The price of the bond is $(Round to the nearest cent.) JSE

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