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Find the price of a bond that matures 20 years from now, pays 7% annual coupons, has a face value of $1000, and YTM (yield-to-maturity)
Find the price of a bond that matures 20 years from now, pays 7% annual coupons, has a face value of $1000, and YTM (yield-to-maturity) of 5%. A) $788 B) $1000 C) $1196 D) $1200 E) $1249
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