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A $1,000 par value bond, offering a coupon interest rate of 10 percent per year paid semiannually , matures in 20 years .What is the

A$1,000 par valuebond, offering a coupon interest rate of10 percent per year paid semiannually, matures in20 years.What is thebond pricethat corresponds to aYTM = 10 percent?

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