You are selling the bond today when its yield to maturity, Financial Management

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You are selling the bond today when its yield to maturity

4 years ago, you paid $1119 for a 10-year, $1,000 par bond with a 5.3% coupon rate and semiannual payments. You are selling the bond today when its yield to maturity is 3%. What is the selling price today, to the nearest $0.01? Please show your work.

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Financial Management: You are selling the bond today when its yield to maturity

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