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Waterfront Properties wants to raise $30 million by selling some coupon bonds. Comparable bonds in the market have a 6% annual coupon, 10 years to

Waterfront Properties wants to raise $30 million by selling some coupon bonds. Comparable bonds in the market have a 6% annual coupon, 10 years to maturity. What should be the price of the bond, if the discount rate is 4.5%?

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