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Procter & Gamble issued a $ 2 , 0 0 0 bond several years ago. The bond makes semi - annual payments. The yield to

Procter & Gamble issued a $

2, 000

bond several years ago. The bond makes semi

-

annual payments. The yield to maturity on the bond today is

5 %,

the coupon rate is

6.9 %,

and the bond has

15

years to maturity. What is the price today?

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