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A bond has $1,000 face value, 17.5 years to maturity, and 3.1% annual coupon rate with coupons paid annually. The yield to maturity (YTM) is
A bond has $1,000 face value, 17.5 years to maturity, and 3.1% annual coupon rate with coupons paid annually. The yield to maturity (YTM) is 3.34%. What is this bonds market price? Assume the interest rate compounds semiannually.
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