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"A coupon bond that pays interest annually has a par value of $1000, matures in 5...

"A coupon bond that pays interest annually has a par value of $1000, matures in 5 years, and has a yield to maturity of 6%. If the coupon rate is 10%, the value of the bond today will be __________. Note: Express your answers in strictly numerical terms. For example, if the answer is $500, write enter 500 as an answer."

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Answer #1

The current value of bond is $1168.4946 or $1168

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