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Fergals Corporation has issued a bond with the following characteristics: par value: $1,000. Time to maturity: 30 years. Coupon rate: 7 per cent. The coupon

Fergals Corporation has issued a bond with the following characteristics: par value: $1,000. Time to maturity: 30 years. Coupon rate: 7 per cent. The coupon payments are semi-annual. Calculate the price of this bond if the YTM is 7 per cent

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