A bonds par value is 1000 it has 5 yrs until maturity its


A bond's par value is $1,000. It has 5 yrs. until maturity. Its coupon rate is 7%. What is the value of the bond if the market rate is 10%, assuming annual compounding?

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Financial Management: A bonds par value is 1000 it has 5 yrs until maturity its
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