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Boomer Inc, just issued 15-year bonds with $1,000 par and a 3.5% semi-annual coupon priced at $1050. If the yield to maturity is 4.12% in
Boomer Inc, just issued 15-year bonds with $1,000 par and a 3.5% semi-annual coupon priced at $1050. If the yield to maturity is 4.12% in five years, what will be the price of the bonds at that time?
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