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5. East Corp. issued 25-year bonds with par value $1,000 three years ago at a coupon rate of 6 percent. The bonds make semiannual payments.

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5. East Corp. issued 25-year bonds with par value $1,000 three years ago at a coupon rate of 6 percent. The bonds make semiannual payments. The yield to maturity on this bond is 4.8 percent. What is the price of the bond

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