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2) A bond with annual coupon payments and a face value of $1,000 has a coupon rate of 4% and a maturity of 20 years.

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2) A bond with annual coupon payments and a face value of $1,000 has a coupon rate of 4% and a maturity of 20 years. If the bond has a YTM of 6%, what is the price of the bond

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