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26.) Suppose the discount rate is 5%. What is the price of a 30-year, 8% coupon bond (Assume par value is $1000 and semiannual coupons)?

26.)

Suppose the discount rate is 5%. What is the price of a 30-year, 8% coupon bond (Assume par value is $1000 and semiannual coupons)?

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