If the bonds currently carry a yield to maturity of 6 what


Five years ago Fairfield Farms Inc. issued 20 year semiminus−annual coupon bonds with a 9% annual coupon rate and a $1,000 face value. If the bonds currently carry a yield to maturity of 6%, what is the current price of a bond?

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Macroeconomics: If the bonds currently carry a yield to maturity of 6 what
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