What is the market price of a 5 coupon bond that pays 1000


What is the market price of a 5% Coupon Bond that pays $1,000 face at maturity in 10 years from now?

Current market interest rate (YTM) for such a bond is 8.0% (use semi-annual discounting)

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Financial Management: What is the market price of a 5 coupon bond that pays 1000
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