Question: 2 0 years ago, App Store Co . issued 3 0 - year bonds with a face value of $ 1 , 0 0 0

20 years ago, App Store Co. issued 30-year bonds with a face value of $1,000 at a coupon rate of 8%. The bonds make semiannual payments (semiannual coupon = $40). If the YTM on these bonds is 4%(compounded semiannually), what is the current bond price?

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