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5. Berkshire Hathaway Inc. issued 15-year bonds with a 9% coupon rate. The par value was $1,000. Assuming the bonds pay interest semiannually, what is

5. Berkshire Hathaway Inc. issued 15-year bonds with a 9% coupon rate. The par value was $1,000. Assuming the bonds pay interest semiannually, what is the price of the bond if the current yield to maturity is 12%?

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