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You have the opportunity to purchase a 21 year $1.000 par value bond that has an annual coupon rate of 6% If you require a

You have the opportunity to purchase a 21 year $1.000 par value bond that has an annual coupon rate of 6% If you require a YTM of 8 9% how much is the bond worth to you? The price of the bond is (Round to the neatest cont)

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