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............ 6. The Pinkymon Corporation issued a new series of bonds at face value of $1000, with a 3% coupon rate, annual coupon payments and

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6. The Pinkymon Corporation issued a new series of bonds at face value of $1000, with a 3% coupon rate, annual coupon payments and maturity of 20 years. Consider the bondholder wants to sell the bond immediately after the 1 1th payment, assuming the interest rate in the economy has fallen to 2%, what is the competitive selling price of the bond

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