The face value is 1000 if the market rate of interest is 57


Alpha Bravo Corp.'s bond currently has 6 years to maturity. The coupon rate on the bond is 6.5%, paying interest annually. The face value is $1000. If the market rate of interest is 5.7%, what is the current market price of XYZ's bond?

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Finance Basics: The face value is 1000 if the market rate of interest is 57
Reference No:- TGS02268674

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