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A bond offers a coupon rate of 1 4 % , paid annually, and has a maturity of 2 0 years. The current market yield
A bond offers a coupon rate of paid annually, and has a maturity of years. The current market yield is Face value is $ If market conditions remain unchanged, what should the price of the bond be in year? Assume the market yield remains unchanged.
Enter your answer in terms of dollars and cents, rounded to decimals, and without the dollar sign. That means, for example, that if your answer is $ you must enter
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