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Posted on Jul 23, 2024

A $ 1 , 0 0 0 2 0 - years bond pays semi - annual coupons at a rate of 4 . 2 %

A $

1, 000 20 -

years bond pays semi

-

annual coupons at a rate of

4.2 % .

Calculate the price of this bond if the semi

-

annual yield on this bond is

3.0 % .

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