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A bond has a yield to maturity (YTM) of 5%, with a maturity of 30 years, the coupon payment is $25 dollars paid semi-annually. Given

A bond has a yield to maturity (YTM) of 5%, with a maturity of 30 years, the coupon payment is $25 dollars paid semi-annually. Given that the PAR of the bond is $1,000, what is the price of the bond?

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