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Argentina has issued a government bond with the following characteristics: - Face Value: $1,000 - Time to maturity: 15 years - Coupon rate: 7 percent

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Argentina has issued a government bond with the following characteristics: - Face Value: $1,000 - Time to maturity: 15 years - Coupon rate: 7 percent - Yearly payments Calculate the price of this bond if the interest rate available in the market is: a) 7 percent b) 9 percent c) 5 percent

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