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Suppose Olympus Industries has just issued a corporate bond with a face value of $1,000 and a term-to-maturity of 30 years. The bond has a

Suppose Olympus Industries has just issued a corporate bond with a face value of $1,000 and a term-to-maturity of 30 years. The bond has a fixed coupon rate of 8.2% p.a. Coupons are paid semi-annually. If the appropriate YTM is 7.3% p.a., what should be the market price of this bond?

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