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How do find what is the price of the bond

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Reference no: EM132711075

Problem 1: A $10,000 bond with a coupon rate of 5% paid annually has five years to maturity and a yield to maturity of 3%. What is the price of this bond?

Reference no: EM132711075

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How do find what is the price of the bond : A $10,000 bond with a coupon rate of 5% paid annually has five years to maturity and a yield to maturity of 3%. What is the price of this bond?
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