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Problem #4 You are about to purchase a 20-year bond, ($1.000 face value) with 6% annual coupons. If the current market rate is 4%, at

Problem #4 You are about to purchase a 20-year bond, ($1.000 face value) with 6% annual coupons. If the current market rate is 4%, at what price should you be willing to buy this bond, if this bond pays interest on a semi-annual basis? (2.3 points)

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