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Target issues a bond with a par value of $1,000 it carries a maturity term of 25 years there is a coupon interest rate of

Target issues a bond with a par value of $1,000 it carries a maturity term of 25 years there is a coupon interest rate of 6.40% interest is compounded annually the yield to maturity (YTM) is 7.50% whta is the current price of the target bond?

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