You own a 5-year bond with a face value of 1000 and a, Financial Management

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You own a 5-year bond with a face value of 1000 and a

You own a 5-year bond with a face value of $1,000 and a coupon rate of 10 percent with annual payments. The bond is currently worth $1,216.47. If market interest rates remain unchanged, what will be the value of the bond when there are only 3 years left until maturity?

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Financial Management: You own a 5-year bond with a face value of 1000 and a

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