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A 30 year 10,000 bond pays 3.5% annual coupons and matures at par. It is purchased to yield 5% annually for the first 15 years

A 30 year 10,000 bond pays 3.5% annual coupons and matures at par. It is purchased to yield 5% annually for the first 15 years and 8% annually thereafter. Calculate the price of the bond. 6,590 4,978 7,858 6,371 6,090

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