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A 30-year bond with a 7.50% semiannual coupon was sold at par 10 years ago. Now the bond has a required return (or YTM) of
A 30-year bond with a 7.50% semiannual coupon was sold at par 10 years ago. Now the bond has a required return (or YTM) of 8.25%. Calculate the bonds market price.
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