Calculate the price of the bond

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Ali is evaluating a bond issued by FIFO Ltd that has a face value of $1,000 and a coupon rate of 5% pa. The coupons are paid semi-annually.l and the bond has '10 years to maturity and 6.5% pa yield. If Ali has $9,000 to invest, calculate the price of the bond (Show all calculations and show answer correct to two decimal places) and explain howr man),r bonds Ali can buy.

Reference no: EM132992766

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