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

Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 6%. The bond has fifteen years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 4%. At what price should Mark sell the bond?

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