Solved: What is the price of a bond that matures in ten years, Finance Basics

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What is the price of a bond that matures in ten years

Question:

What is the price of a bond that matures in ten years, has a face value of 1,000 dollars (the principal to be repaid at the end of ten years) and a coupon rate of 7 percent and a current yield of 10 percent. Interest payments are semi-annual.

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Finance Basics: What is the price of a bond that matures in ten years

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Finance Basics: What is the price of a bond that matures in ten years

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