What is the market price of the bond, Financial Accounting

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What is the market price of the bond

Problem

Marple Properties has a 8.25% coupon bond outstanding that was issued 4 years ago with an original maturity of 15 years. The bond pays interest semi-annually. What is the market price of the bond if the par value is $1000 and the yield to maturity is 7.75%?

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Financial Accounting: What is the market price of the bond

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Financial Accounting: What is the market price of the bond

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