Question: Mark has a Treasury bond that has a par value of ?$30000 and a coupon rate of 8%. The bond has 11 years to maturity.

Mark has a Treasury bond that has a par value of ?$30000 and a coupon rate of 8%. The bond has 11 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 7%. For what price should Mark sell the bond in this? situation?

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