(Answered) Problem abc company is issuing a new bond with a par value

Finance

Problem: ABC company is issuing a new bond with a par value of $1000 and a coupon rate of 9%. The time to maturity is 25 years and the yield to maturity is 10.4%. If coupon payments are semi-annual, what is todays price of this bond? Please provide the authentic solution of this problem.

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