Compute what is the price today for the bond

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Question - Four years ago, you issued a 30 year to maturity bond that had a 10.63 percent annual coupon rate, paid semi-annually. The bonds had a $1,000 face value. Since then, interest rates in general have changed and the yield to maturity on the bonds is now 10.07%. Given this information, compute what is the price today for the bond?

Reference no: EM132755832

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