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What is the price of a 24-year bond paying 7.4 % annual coupons with a face (par) value of $1,000 if an 24-year bond making
What is the price of a 24-year bond paying 7.4 % annual coupons with a face (par) value of $1,000 if an 24-year bond making semi-annual payments and paying 7.4 % sells at par? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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