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You are considering the purchase of a 20-year bond that has a 7.5%, and the bond is priced at $1,429.32, should you purchase the bond?

You are considering the purchase of a 20-year bond that has a 7.5%, and the bond is priced at $1,429.32, should you purchase the bond? Calculate the bond's value. State whether or not you would purchase the bond. Provide more detail than yes or no.

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