Its par value is 1000 its semiannual coupons are 50 what is


Question - A bond has 5 years to maturity and has a YTM of 8%. Its par value is $1,000. Its semiannual coupons are $50. What is the bond's current market price? Show work.

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Accounting Basics: Its par value is 1000 its semiannual coupons are 50 what is
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