Certificate indicates that the stated coupon rate for bond

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A Company has a bond outstanding with a face value of $10000 that reaches maturity in 10 years. The bond certificate indicates that the stated coupon rate for this bond is 0.08% and that the coupon payments are to be made semiannually. Assuming the appropriate YTM on the bond is 11.1%, then the price that this bond trades for will be closest to ________.

Reference no: EM131052808

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