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What must be the price of a $1,000 bond with a 5.9% coupon rate, annual coupons, and 25 years to maturity if YTM is 7.8%
What must be the price of a $1,000 bond with a 5.9% coupon rate, annual coupons, and 25 years to maturity if YTM is 7.8% APR?
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