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Posted on Jul 30, 2024

A 3 . 5 % annual coupon bond with a $ 1 , 0 0 0 par value and 1 5 years remaining until maturity.

3.5 %

annual coupon bond with a $

1, 000

par value and

15

years remaining until maturity. The required return on the bond is

4 % .

At what price should the bond trade?

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