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Runners World Magazine has issued a 3 0 - year bond with a face value of $ 2 0 , 0 0 0 . This
Runners World Magazine has issued a year bond with a face value of $ This bond makes no payments for the first ten years, then pays $ every six months for the next ten years, and finally pays $ every six months over the last ten years. If the yield on the bond is percent, what is its price?
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