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You have a 3 0 - year Treasury of $ 1 , 0 0 0 face value with annual 7 % coupons paid semi -

You have a

30 -

year Treasury of $

1, 000

face value with annual

7 %

coupons paid semi

-

annually. It has

6

years left to maturity. The Yield to Maturity

(

YTM

)

of this bond is

7.25 % .

What is its price?

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