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App Store Co. issued 20-year bonds three years ago with a face value of $1,000. These bonds were issued at a coupon rate of 6
App Store Co. issued 20-year bonds three years ago with a face value of $1,000. These bonds were issued at a coupon rate of 6% and make semiannual payments (semiannual coupon = $30). If the YTM on these bonds is 2% (compounded semiannually), what is the current bond price?
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