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 $832.39. If market interest rates remain unchanged, what will be the value of the bond when there is only 1 year 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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