Question a coupon bond has a face value of 1000 a coupon, Ask an Expert

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Question: A coupon bond has a face value of $1000, a coupon rate of 3% and 2 years to maturity. If the yield to maturity is 5%, what is the price of the bond? (Round to the nearest cent.) 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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