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Calculate the current market price of bond

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Problem 1: 5 years ago, you purchased a corporate bond for $940.41. At the time, the bond had a YTM of 10% and 9 years left to maturity. Today, the YTM on your bond is 8%. With this information, can you calculate the current market price of your bond? Assume fixed annual coupon payments and a par value of $1,000

Reference no: EM132938344

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