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Suppose you have a coupon bond that was issued 20 years ago as a 30-year bond. The bonds make semiannual payments based upon a coupon

Suppose you have a coupon bond that was issued 20 years ago as a 30-year bond. The bonds make semiannual payments based upon a coupon rate of 4.5%. If the current YTM is 6.1%, compounded seminannually, what is the current price of the bond? The face value is $1,000.

$719.33

$915.10

$881.53

$1,073.11

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