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Consider a 30-year bond with par value of $1000, suppose it coupon rate is 6% for the first 20 years and increases to 10% for

Consider a 30-year bond with par value of $1000, suppose it coupon rate is 6% for the first 20 years and increases to 10% for the remaining 10 years. What is the price of the bond if the discount rate is 8%?

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