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Wonderland Corp. issued a bond with a $4,000 par value. Its coupon rate is 5.2% paid semiannually, and there are 26 years left to maturity.
Wonderland Corp. issued a bond with a $4,000 par value. Its coupon rate is 5.2% paid semiannually, and there are 26 years left to maturity. What is the market value of the bond if its yield to maturity is 5.8%?
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