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An Exxon bond has a yield to maturity of 19 years and a coupon interest rate of 4.80%. If the market requires a yield to

An Exxon bond has a yield to maturity of 19 years and a coupon interest rate of 4.80%. If the market requires a yield to maturity of 6.5% on similar risk bonds, what is the value (price) of this bond?

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