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The Canton bond is a 1% coupon bond with semiannual coupon payments that matures in 22 years. If the YTM for this bond is 3.5%,

The Canton bond is a 1% coupon bond with semiannual coupon payments that matures in 22 years. If the YTM for this bond is 3.5%, what is the value of the bond? a. $642.55 b. $640.30 c. $620.82 d. $618.65

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