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What is the fair value of a bond issued by Kyoto, Inc. described as follows? Par...

What is the fair value of a bond issued by Kyoto, Inc. described as follows?

Par value: $1,000

Coupon: 9% semiannual coupon payment

3 years to maturity

The YTM of a bond with similar type and risk: 8.5%

EXPLAIN WITH BA2 CALCULATOR!

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