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A Treasury bond matures in 17 years, pays interest semiannually, and carries a coupon rate of 3.5 percent. How much are you willing to pay

A Treasury bond matures in 17 years, pays interest semiannually, and carries a coupon rate of 3.5 percent. How much are you willing to pay for a $1,000 face value bond if you desire a rate of return of 4.25 percent?

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