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2. You have a bond that matures in 30 years with a maturity value of $1,000. If the bond has a 12% semiannual coupon and
2. You have a bond that matures in 30 years with a maturity value of $1,000. If the bond has a 12% semiannual coupon and the market requires a return of 10% on the bond, what is the current market price of the bond? Please show your work.
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