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The 1 6 - year coupon bond which you are analysing has coupon rate of 6 . 5 % , paid on an annual basis.

The 16-year coupon bond which you are analysing has coupon rate of 6.5%, paid on an annual basis. If the discount rate required by the market for a bond with those characteristics is equal to 5.3%, how much should you be willing to pay for it
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