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Suppose that a 20-year government bond has a maturity value of $1000 and a coupon...

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Accounting

Suppose that a 20-year government bond has a maturity value of $1000 and a coupon rate of 9%, with coupons paid semiannually. Find the market price of the bond if the yield rate is 8% compounded semiannually. (Round your answer to the nearest cent.)

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