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A corporate bond with a 3 0 - year maturity was issued 6 years ago. The face value of this 8 . 8 4 %

A corporate bond with a 30-year maturity was issued 6 years ago. The face value of this 8.84% quarterly coupon-paying bond is $2,000. Analysts find that this bond's current yield to maturity is 9.27 percent. Show your workings and find the value of this bond.

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