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Consider a 20-year, $1,000 bond with an 6.3% per annum coupon rate and annual coupons. The bond currently has 7 years left to maturity, at

Consider a 20-year, $1,000 bond with an 6.3% per annum coupon rate and annual coupons. The bond currently has 7 years left to maturity, at a current yield to maturity of 3.9%. This bond will be trading at a price of ...

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