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Bond Valuation. Mark has a Treasury bond that has a par value of $ 3 0 , 0 0 0 and a coupon rate of
Bond Valuation. Mark has a Treasury bond that has a par value of $ and a coupon rate of The bond has years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of For what price should Mark sell the bond in this situation?
Mark should sell the bond for $
Round to the nearest cent.
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