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A corporate bond is currently selling for $1,120. It has 30 years till maturity, 3.8% coupon, and YTM=5%. What is the par value? Question 15

A corporate bond is currently selling for $1,120. It has 30 years till maturity, 3.8% coupon, and YTM=5%. What is the par value?

Question 15 options:

$932.55

$1,243.48

$1,475.32

$1,373.39

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