Find market price of the bond if yield rate

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Reference no: EM131905474

Suppose that a 20-year government bond has a maturity value of $1000 and a coupon rate of 7%, with coupons paid semiannually. Find the market price of the bond if the yield rate is 6% compounded semiannually. (Round your answer to the nearest cent.)

Reference no: EM131905474

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