Find the price of a corporate bond maturing

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Find the price of a corporate bond maturing in 5 years that has a 5% coupon (annual payments), a $1,000 face value, and is rated Aa. A local newspaper's financial section reports that the yields on 5 year bonds are Aaa = 6%, Aa = 7%, and A = 8%.

Reference no: EM131547188

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