Consider a bond with a coupon rate of 10% and annual coupons. The par value...
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Finance
Consider a bond with a coupon rate of 10% and annual coupons. The par value is $1,000, and the bond has 5 years to maturity. The yield to maturity is 9%. What is the value of the bond? (in dollars)
987
1008
1006
918
1087
1020
996
1039
971
956
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