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Bond Valuation. Mark has a Treasury bond with a par value of $50,000 and a coupon rate of 6%. The bond has 15 years to

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Bond Valuation. Mark has a Treasury bond with a par value of $50,000 and a coupon rate of 6%. The bond has 15 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 9%. At what price should Mark sell the bond? The price Mark should sell the bond at is $. (Round to the nearest cent.)

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