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Consider an annual coupon bond with 4 % coupon rate, $ 1 , 0 0 0 face value and 1 5 year term. Its yield

Consider an annual coupon bond with

4 %

coupon rate, $

1, 000

face value and

15

year term. Its yield to maturity is

3 % .

How much of its value is coming from the present value of its face value? Answer in percent rounded to one decimal place.

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