What is the price of a 1000 par value bond with a 6 coupon


What is the price of a $1,000 par value bond with a 6% coupon rate paid semiannually, if the bond is priced to yield 5% and it has 9 years to maturity?

•What would be the price of the bond if the yield rose to 7%.

•What is the current yield on the bond if the YTM is 7%?

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Financial Management: What is the price of a 1000 par value bond with a 6 coupon
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