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Mark has a Treasury bond with a par value of $50,000 and a coupon rate of 6%. The bond has 14 years to maturity. Mark

Mark has a Treasury bond with a par value of $50,000 and a coupon rate of 6%. The bond has 14 years to maturity. Mark needs to sell the bond ans the new bonds are currently carrying coupon rates 8%. At what price should mark sell the bond?

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