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3. Suppose 5 years ago (in 2017) a bond was issued with a 30 year maturity (which means the bond will mature in 2047). At

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3. Suppose 5 years ago (in 2017) a bond was issued with a 30 year maturity (which means the bond will mature in 2047). At the issue date the bond was sold at par (FV = $1,000) and carried a 8% coupon interest rate (coupon -0.08). Suppose at the current time, in 2022, the market interest rate for a bond of this risk and maturity is now 6%, which means that r=0.06%. What will be the market price of this bond today (2022); that is, find PV

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