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1. Jumbo's bonds have a 14% coupon rate. Interest is paid semi-annually and the bonds have a maturity of 30 years. If the yield to

1. Jumbo's bonds have a 14% coupon rate. Interest is paid semi-annually and the bonds have a maturity of 30 years. If the yield to maturity is 8% on similar bonds, what is the price of Jumbo's bonds

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