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The bond price is $1174, given the semiannual payment, coupon rate of 5%, and maturity of 30 years and required rate of return of

 





The bond price is $1174, given the semiannual payment, coupon rate of 5%, and maturity of 30 years and required rate of return of 4%. If the interest rate increase, and thus, the required rate of return goes to 5%, the new bond price would be:

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