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A 30 year bond has an annual coupon rate of 11%, a par value of $1,000, semi- annual payments, and a market rate of 7%.

A 30 year bond has an annual coupon rate of 11%, a par value of $1,000, semi- annual payments, and a market rate of 7%. What is the bond's current price? O $1,546.91 $651.00 $1,498.89 $684.59

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