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Compute the value of a 20 year, semi-annual coupon bond that is priced to yield 4.50 percent. The bond carries a 6.5% coupon rate. If

Compute the value of a 20 year, semi-annual coupon bond that is priced to yield 4.50 percent. The bond carries a 6.5% coupon rate.

If you hold this bond for three years, and the required return stays constant, at what price can you expect to sell the bond?

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