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You are considering a bond with a 6.5% coupon rate, 28 years until maturity, and a $1,000 par value. If bonds with a similar

You are considering a bond with a 6.5% coupon rate, 28 years until maturity, and a $1,000 par value. If bonds with a similar risk level are currently offering a yield to maturity of 3.2%, what pr should you be willing to pay for the bond?

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