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You are about to purchase a 15-year bond, ($1,000 face value) with 3 % annual coupon. If The current market rate is 4%, at what

You are about to purchase a 15-year bond, ($1,000 face value) with 3 % annual coupon. If The current market rate is 4%, at what price should you be willing to buy this bond? Assuming that this bond pays interest on a semi-annual basis?

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