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A bond issued by ABC Corporation with nominal yield of 2% and maturity of June 30.2027 was sold on June 30, 2020. If the yield
A bond issued by ABC Corporation with nominal yield of 2% and maturity of June 30.2027 was sold on June 30, 2020.
If the yield of equivalent bonds at the time was 1.5%, the price of ABC bond would have been ( ) dollars.
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