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Inner City Enterprises issued a 30-year 8% coupon bond in January of 2010. Calculate the price of the bond in January 2020 if the current

Inner City Enterprises issued a 30-year 8% coupon bond in January of 2010. Calculate the price of the bond in January 2020 if the current interest rate is 5%. Assume the par value of $1000 and that the bond makes coupon payments semi-annually.

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