If the market rate of interest for this bond moves to 3


A 10-year bond pays semiannual payments, and has par value of $1,000. The total annual coupon is $70. If the market rate of interest for this bond moves to 3% exactly one year after issue, what would the market price be for the bond?

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Finance Basics: If the market rate of interest for this bond moves to 3
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Now Priced at $10 (50% Discount)

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