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Baltimore, Inc., issued a bond with a 7.1 percent coupon rate and coupons are paid annually. The yield to maturity is 8.3% and the bond
Baltimore, Inc., issued a bond with a 7.1 percent coupon rate and coupons are paid annually. The yield to maturity is 8.3% and the bond has 23 years to maturity. What is the market price if the bond has a par value of $2,000?
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