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TCM has a $1,000 par value, 20-year bond outstanding at an annual coupon rate of 5.4%. paid semiannually. Market interest rates on similar bonds are

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TCM has a $1,000 par value, 20-year bond outstanding at an annual coupon rate of 5.4%. paid semiannually. Market interest rates on similar bonds are 4% APR. Calculate the bond's price. 0 742.69 O 1.190.26 O 1.19149 1.000.00

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