What is the value of a 1000 par value bond that has 6 years


What is the value of a $1,000 par value bond that has 6 years left to maturity and pays an annual coupon interest rate of 7.6% if bonds of similar risk are yielding 5.5%? Use financial calculator.

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Financial Management: What is the value of a 1000 par value bond that has 6 years
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