Find what would be the value of the bond

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Question 1: A company issued $1,000 par value bond at 6% coupon rate. The bond will mature in 6 years. Current market yield for this bond is 7%. If the coupon is paid semi-annually, what would be the value of this bond? SHOW THE WORK:

Group of answer choices

Option 1: $952.33

Option 2: $973.36

Option 3: $682.29

Option 4: $951.68

Reference no: EM132504539

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