A bond pays an annual coupon of 121 has a face value of, Ask an Expert

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A bond pays an annual coupon of $121 has a face value of $1,000 and has 6 years remaining until maturity. If the current market required rate of return on bonds of this type is 9% what is the market price of the bond? State your answer in dollars and cents.

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Financial Management, Finance

Category:- Financial Management
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