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22. A ( $ 1,000 ) par value bond was issued 30 years ago at a 12 percent coupon rate. It currently has 25 years

22. A \( \$ 1,000 \) par value bond was issued 30 years ago at a 12 percent coupon rate. It currently has 25 years remaining to maturity. Interest rates on similar obligations are now 10 percent. Assume M 2 answers

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