What does the bond currently sell for

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Reference no: EM132023290

A given bond has 5 years to maturity. It has a face value of $1,000. It has a YTM of 6% and the coupons are paid semiannually at a 10% annual rate.

What does the bond currently sell for? Please show me the steps to arrive to the answer

Reference no: EM132023290

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