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A $1000, 10% Coupon Bond Issued by Ontario Hydro on July

Question 56

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A $1000, 10% coupon bond issued by Ontario Hydro on July 15, 1994 matures on July 15, 2019. What was its flat price on June 1, 2003 when the required yield to maturity was 5.5% compounded semiannually?

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