What is the present value of the coupons what is the


Firm A issued 12-year bonds with a par value of $1,000 two years ago at a 9 coupon rate, paid semiannually. The yield to maturity on these bonds is 8 percent.

a) What is the present value of the coupons?

b) What is the present value of the face value?

c) What is the current bond price?

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