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The price of the taxable fixed coupon bond is $1200. The bond has a maturity of 15 years and pays semi-annually an annual coupon rate

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The price of the taxable fixed coupon bond is $1200. The bond has a maturity of 15 years and pays semi-annually an annual coupon rate of 10%. If the tax rate is 20%, what is the price of non-taxable bond that has the same terms as the above taxable bond

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