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A 20 year mortgage-backed bond pays a 5% coupon rate and has a face value of 1,000. If investors require a 4% return, what is

A 20 year mortgage-backed bond pays a 5% coupon rate and has a face value of 1,000. If investors require a 4% return, what is price of this bond? 875.38 O 1.135.90 O 1,000.00 1,089.45

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