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We discussed earlier an 6% coupon, 20-year maturity bond with par value of $1,000 paying 40 semiannual coupon payments of $30 each. Suppose that the

We discussed earlier an 6% coupon, 20-year maturity bond with par value of $1,000 paying 40 semiannual coupon payments of $30 each. Suppose that the interest rate is 10% annually, or r = 5% per six-month period. Then the value of the bond?

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