A bond has a coupon rate of 65 percent has a 1000 face, Ask an Expert

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A bond has a coupon rate of 6.5 percent, has a $1,000 face value and has 12 years to maturity. The yield to maturity on this bond is 10 percent. What is the price of this bond in the market? Assume semi-annual interest payments and round to the closest answer.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91614479

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