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[ 1 2 POINTS ] A corporation has a $ 4 , 0 0 0 par value bond outstanding with a coupon rate of 5

[12

POINTS

]

A corporation has a $

4, 000

par value bond outstanding with a coupon rate of

5.2

percent. The bonds make semi

-

annual coupon payments and have

19

years to maturity. The yield to maturity of the bond is

4.1

percent. What is the dollar price of the bond?

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