Question: Mark has a Treasury bond with a par value of $ 30,000 and a coupon rate of 6%. The bond has 15 years to maturity.

Mark has a Treasury bond with a of $ 30,000 and a rate of 6%. The bond has 15 years to maturity. Mark needs to sell the bond and new bonds are currently carrying rates of 8%. At what price should Mark sell the bond?

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