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You own a 29-year, 2.6% annual coupon bond with $1,000 face value. If the yield to maturity is 7.1%, how much is it worth? Round
You own a 29-year, 2.6% annual coupon bond with $1,000 face value. If the yield to maturity is 7.1%, how much is it worth? Round to the nearest cent.
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