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A bond pays a quarterly coupon. The coupon rate is 4 % . The EAR is 5 % . The bond matures in 3 0

A bond pays a quarterly coupon. The coupon rate is

4 % .

The EAR is

5 % .

The bond matures in

30

years. The face value is $

1, 000 .

What is the bond price?

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