Question: ABC Corporation intends to issue a bond with nominal yield of 2.2% and maturity of June 30,2030 on June 30,2020. If equivalent bonds trade in

ABC Corporation intends to issue a bond with nominal yield of 2.2% and maturity of June 30,2030 on June 30,2020.

If equivalent bonds trade in the market at the yield of 2.2430%, ABC will issue the bond at the price of ( )dollars.

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