A 1000 face value bond with coupon rate of 8 paid annually


A $1000 face value bond with coupon rate of 8% paid annually has five years to maturity. If bonds of similar risk are currently earning 6%, what is the current price of the bond?

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Business Management: A 1000 face value bond with coupon rate of 8 paid annually
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Now Priced at $10 (50% Discount)

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