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Please provide an explination Assume you wish to purchase a bond with a 30-year maturity, a coupon rate of 10 percent, a face value of

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Please provide an explination

Assume you wish to purchase a bond with a 30-year maturity, a coupon rate of 10 percent, a face value of $1,000, and semiannual interest payments. If you require a 9% yield to maturity, what is the present value of the bond

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