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You own a Government of Canada Bond with 20 years to maturity, a coupon rate of 9.2 % per year compounded semi-annually and a $7,000

You own a Government of Canada Bond with 20 years to maturity, a coupon rate of 9.2 % per year compounded semi-annually and a $7,000 face value. What is this bond worth today if the yield to maturity is 8.9% per year compounded semi-annually?

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