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Bank of America has a 5%, annual coupon bond that will mature in 19 years. The interest rate for bonds like this is currently 4.04%.

image text in transcribed Bank of America has a 5\%, annual coupon bond that will mature in 19 years. The interest rate for bonds like this is currently 4.04%. Assuming the par value is $1,000, what is the current price of this bond

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