What is the price today in dollars and cents of a 3-year


What is the price today (in dollars and cents) of a 3-year 8.75% coupon rate bond that returns the par value of $1000 at maturity. Use a required rate of return of 10.50%?

You should set your calculator for at least four decimal places of accuracy

Place your answer in dollars and cents.

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Finance Basics: What is the price today in dollars and cents of a 3-year
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