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You would like to purchase a bond with a maturity of 30 years, a face value of $1,000, and a coupon rate of 5.5% per

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You would like to purchase a bond with a maturity of 30 years, a face value of $1,000, and a coupon rate of 5.5% per year, paid semi-annually. Calculate the current price of the bond, assuming that the yield to maturity is 5.0% per year compounded semi-annually. Show your calculation

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