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3. A bond has a 3.6% coupon rate and a $1,000 face value. Coupon is semi-annually and the bond has 19 years to maturity. If

3. A bond has a 3.6% coupon rate and a $1,000 face value. Coupon is semi-annually and the bond has 19 years to maturity. If investors require a 3.2% yield, what is the bond's value

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