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Consider a bond that has 10 years to maturity. The bond's annual coupon rate is...

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Finance

Consider a bond that has 10 years to maturity. The bond's annual coupon rate is 6%, and its face value is $1,000. The required rate of return on other investments with similar characteristics is 4% per year. Suppose the bond makes coupon payments four (4) times a year. what price would the bond be selling?

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