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4T Inc. just issued a 30-year-bond. The bond pays semi-annual interesta at a coupon rate of 8%, has a par value of $1,000 and a
4T Inc. just issued a 30-year-bond. The bond pays semi-annual interesta at a coupon rate of 8%, has a par value of $1,000 and a yield to maturity of 6%. What is the price of the bond?
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