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PLEASE SHOW HOW YOU ARRIVED AT ANSWER. THANK YOU! A 20 year bond has a $1,000 face value and an 8 % annual coupon [but

PLEASE SHOW HOW YOU ARRIVED AT ANSWER. THANK YOU!

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A 20 year bond has a $1,000 face value and an 8 % annual coupon [but paid semiannually]. If the yield to maturity is 11 percent, what is the current price of the bond

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