Question: Two years ago Cass Industries issues 30 years 6 % annual coupon bonds with a $1000 face value and with semiannual coupon payments. Since then,

Two years ago Cass Industries issues 30 years 6 % annual coupon bonds with a $1000 face value and with semiannual coupon payments. Since then, interest rates in general have declined and the the yield maturity on the Cass Bonds is now 5%. Given this information, what would be the price today for a Cass Industries bond. Please show work thank you

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