Question: A bond has a yield to maturity ( YM ) of 5 % , with a maturity of 3 0 years, the coupon payment is

A bond has a yield to maturity (YM) of 5%, with a maturity of 30 years, the coupon payment is 25 dollars paid semi-annually. Given that the PAR of the bond is $1,000 what is the price of the bond?

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