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A bond offers a coupon rate of 4 % , paid semiannually, and has a maturity of 2 0 years. Face value is $ 1
A bond offers a coupon rate of paid semiannually, and has a maturity of years. Face value is $ If the current market yield is what should be the price of this bond?
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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