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Consider a bond maturing in 2 0 years paying an annual coupon rate of 3 % of the face ( par ) value of $

Consider a bond maturing in 20 years paying an annual coupon rate of 3% of the face (par) value of $100. How much will this bond investment cost if the yield-to-maturity on the bond is 5%?(round your answer to the nearest whole number)

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