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frank issued 20 year bonds 2 years ago at a coupon rate of 6.14%, the bonds make semiannual payments and have a par value of
frank issued 20 year bonds 2 years ago at a coupon rate of 6.14%, the bonds make semiannual payments and have a par value of $1,000, if the YTM on these bonds is 5.58% what is the current bond price?
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