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Suppose a company issues a bond with a par value of 1,000, 20 years to maturity, and a coupon rate of 8.2 percent paid annually.

Suppose a company issues a bond with a par value of 1,000, 20 years to maturity, and a coupon rate of 8.2 percent paid annually. Required: If the yield to maturity is 6.2 percent, what is the current price of the bond

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