Examine what is price of the bond

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Question: Mr. Bond is considering purchasing a bond with 10-year maturity and $1,000 face value. The coupon interest rate is 8% and the interest is paid annually. If Mr. Bond requires 12% yield to maturity on the investment, then, what is price of the bond? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132002831

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