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A bond is trading today that will mature five years from now. It pays interest annually....

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Finance

A bond is trading today that will mature five years from now. Itpays interest annually. Its coupon rate is 5% and the par is$1,000. The yield is currently 6%. The value of the bond today is$

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A bond is trading today that will mature five years from now. Itpays interest annually. Its coupon rate is 5% and the par is$1,000. The yield is currently 6%. The value of the bond today is$

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