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A 9.5% coupon bearing bond pays interest semi-annually and has a maturity of 20 years. If the annual yield to maturity is 5.8%, what is
A 9.5% coupon bearing bond pays interest semi-annually and has a maturity of 20 years. If the annual yield to maturity is 5.8%, what is the current price of this bond? (Answer to the nearest penny.)
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