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Bond A has a par value of $30,000. Bond A has 20 years to maturity and the market requires a return of 6%. Bond A
Bond A has a par value of $30,000. Bond A has 20 years to maturity and the market requires a return of 6%. Bond A makes coupon payments with the following schedule: For the first 6 years (year 1 to year 6): Bond A does not make any coupon payments Over the subsequent 8 years (year 7 to year 14): Bond A pays $2,400 coupon every 6 months Then over the last 6 years (year 15 to year 20): Bond A pays $2,700 coupon every 6 months. With semiannual compounding, please calculate the current price of Bond A
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