Determine the current market rate for the bond

Reference no: EM131774513

Question: A 30-year bond has a face value of $1,000 and a coupon rate of 6% per year, interest payments are paid semiannually. If the maturity from now is exactly 10 years and the current market rate for the same bond is 10% per year, compounded semiannually, how much is the bond worth now?

Reference no: EM131774513

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