Question a 655 coupon rate bond makes annual interest rate, Ask an Expert

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Question: A 6.55% coupon rate bond makes annual interest rate payments. Par value is $1,000. The bond matures in 12 years. The required rate of return is 7.55%. What is the current value/price. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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