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The Charlie bond is a 3% coupon bond with semi-annual coupon payments that matures in 30 years. If the YTM for this bond is 6%,

The Charlie bond is a 3% coupon bond with semi-annual coupon payments that matures in 30 years. If the YTM for this bond is 6%, what is the value of the bond?

Select one:

a. $622.28.

b. $602.41.

c. $587.06.

d. $584.87.

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