Question: Based on your risk assessment, you require an 8% rate of return on ZWT Inc. bond.The term-to-maturity is 20 years and the coupon rate is

Based on your risk assessment, you require an 8% rate of return on ZWT Inc. bond.The term-to-maturity is 20 years and the coupon rate is 5% paid semiannually.The YTM is 12%. What is the current market price of the bond?

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