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A Treasury bond has a face value of $ 1 0 0 , a maturity of 2 0 years, a coupon of 3 % ,

A Treasury bond has a face value of $100, a maturity of 20 years, a coupon of 3%, and pays the coupon every six months, at the end of each six month period. The rate of return is 4%. What is the value of the bond?
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