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The Piedmont Flyers have issued a 30-year bond with a face value of $1000 that pays...

The Piedmont Flyers have issued a 30-year bond with a face value of $1000 that pays semiannually with a 4% coupon rate. The market is yielding 6%, what is the current selling price of the bond?

pv

fv

pmt

n

i

include formulas

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