Suppose the US government is issuing a $1,000 PAR value coupon bond today. This bond...
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Suppose the US government is issuing a $1,000 PAR value coupon bond today. This bond will mature in 20 years from today. This Bond's annual coupon rate is 10%. Coupons are paid 2 times in a year. The investors expect 4% annual return on this bond.
What is the present value of this Bond? Enter your answer in the following format: 1234.56 Hint: Answer is between 1675.01 and 1966.32
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