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You buy an 8% annual coupon bond that has a 20 year maturity and a required return of 12%.The par value is $1,000.You sell the
You buy an 8% annual coupon bond that has a 20 year maturity and a required return of 12%.The par value is $1,000.You sell the bond five years later when the required return is 10%. What is the beginning (buy) price of the bond?
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