How much is this bond worth today

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Reference no: EM131450887

Suppose a coupon bond has a coupon rate of 5% per year, a face value of $10,000, and a maturity of 10 years; interest payments (coupon payments) are paid semi-annually. Furthermore, assume that you can invest all you want at a rate of 8%. How much is this bond worth today?

Reference no: EM131450887

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