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Kroger, a grocery store, has a bond that will mature in exactly 10 years. The...

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Finance

Kroger, a grocery store, has a bond that will mature in exactly 10 years. The bond pays a semi-annual coupon and has a face value of $1,000. The coupon rate on the bond is 4.1% APR, while investors would like a 3.2% APR return to purchase the bond today. Based on this information, what is the current trading price of the Kroger bond?

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