A 7 coupon rate bond makes annual interest rate payments, Finance Basics

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A 7 coupon rate bond makes annual interest rate payments

Question: A 7% coupon rate bond makes annual interest rate payments. Par value is $1,000. The bond matures in 10 years. The required rate of return is 5%. What is the current 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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