What is the price today of a 1000 bond with a coupon rate
What is the price today of a $1,000 bond with a coupon rate of 10 percent and a current yield of 8 percent over 3 years? (round to the nearest whole dollar)
a. $1,000
b. $800
c. $920
d. $1,052
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what is the price today of a 1000 bond with a coupon rate of 10 percent and a current yield of 8 percent over 3 years
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