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A $1,000 par bond having a 10% coupon rate (interest is paid semiannually) with 30 years to maturity is currently selling to yield 8% (YTM).

A $1,000 par bond having a 10% coupon rate (interest is paid semiannually) with 30 years to maturity is currently selling to yield 8% (YTM). The market price for this bond is approximately? $1226 $1679 $797 $1348 $1675

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