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A bond has a 25-year maturity, an 3% annual coupon paid semiannually, and a face value of P1,000. The going nominal annual interest rate (rd)

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A bond has a 25-year maturity, an 3% annual coupon paid semiannually, and a face value of P1,000. The going nominal annual interest rate (rd) is 6%. What is the bond's price

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