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problem: Walt Disney issued a 1,000 dollar 5 year corporate bond at par. It will pay 35 dollar in interest every 6 month. There is another Disney bond that pays 20 dollar interest every 6 month and has two & a half years remaining before it matures with a face value of 1,000 dollar. Determine price should the existing bond is traded at when the new 5 year bond issued?

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