Coupon bond outstanding, Roadside Markets has a 6.75

Coupon bond outstanding

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Reference no: EM131047271

Roadside Markets has a 6.75 percent coupon bond outstanding that matures in 10.5 years. The bond pays interest semiannually. What is the market price per bond if the face value is $1,000 and the yield to maturity is 7.2 percent? (Please show work)

Reference no: EM131047271

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