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Question 1 4 pts Four years ago, Ace Company issued a 30-yr. bond. What is the price of the bond today if it is expected

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Question 1 4 pts Four years ago, Ace Company issued a 30-yr. bond. What is the price of the bond today if it is expected to yield 7.0 percent? (Assume semi-annual interest payments and $1,000 par value.) The bond coupon rate is 6 percent. Required: Calculate the current bond price. (4 marks). Round your final answer to two decimal points

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