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Five years ago, CleanEnergy Corporation issued an 12% coupon per year (paid semi-annually), 20 year, AA-rated bond at its par value of $1000. Currently, the
Five years ago, CleanEnergy Corporation issued an 12% coupon per year (paid semi-annually), 20 year, AA-rated bond at its par value of $1000. Currently, the annual yield to maturity (APR) on these bonds is 8%. What is the current price per bond?
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