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A Treasury bond that pays a 3% annual coupon matures in 26 years and yields 4.1%. Recognizing that coupons are paid semi-annually, calculate the bond's

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A Treasury bond that pays a 3% annual coupon matures in 26 years and yields 4.1%. Recognizing that coupons are paid semi-annually, calculate the bond's price. Assume a face value of $1,000

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