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You tell your broker you want to buy a 10-year government bond. He has one for sale that pays a 4% coupon. The going rate

You tell your broker you want to buy a 10-year government bond. He has one for sale that pays a 4% coupon. The going rate for a typical 10-year Treasury is 5%. Assume a Par Value of $100. What is the most you should pay for the bond

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