Question: Bond Valuation. Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 7%. The bond has 12 years to

 Bond Valuation. Mark has a Treasury bond with a par value

Bond Valuation. Mark has a Treasury bond with a par value of $30,000 and a coupon rate of 7%. The bond has 12 years to malunty Marknads to real the bond and new bone currently carrying coupon rates of 8%At what price should Mark sell the bond? The price Mark should sell the bondat is (Round to the nearest cont) Enter your answer in the answer box

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