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How much would you pay for a $1,000 par, 6% coupon (interest paid semi-annually), 20-year bond issued 5 years ago when rates on bonds with

How much would you pay for a $1,000 par, 6% coupon (interest paid semi-annually), 20-year bond issued 5 years ago when rates on bonds with similar risk have a yield-to-maturity (YTM) of 8% ? Please answer using two decimal places and do not put the $ in yourimage text in transcribed

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