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Consider a 20-year, 8% semi-annual coupon bond with a face value of $1000. The bond is puttable at $900 after 10 years (i.e., right after
Consider a 20-year, 8% semi-annual coupon bond with a face value of $1000. The bond is puttable at $900 after 10 years (i.e., right after the 20th coupon payment). If the yield to put is 7.3037% per year, what is the current price of this bond? (Keep two digits after the decimal)
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