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At what price could mark sell the bond

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Mark has a Government of Canada bond that has a par value of $30,000 and a coupon rate of 6 percent, payable semi-annually. The bond has 15 years to maturity. Mark needs to sell the bond, and new bonds are currently carrying coupon rates of 8 percent, payable semi-annually. At what price could Mark sell the bond?

Reference no: EM132348646

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