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11) Two years ago, a person purchased a 20 -year bond at its par value of $1,000 with an 8% coupon rate paid annually. The

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11) Two years ago, a person purchased a 20 -year bond at its par value of $1,000 with an 8% coupon rate paid annually. The yield to maturity of the bond is 9%. Due to the requirement for cash, the person is forced to liquidate the bond. What will be the price of the bond

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