What is the bond price, If the current market rate is 8%

What is the bond price

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Reference no: EM131807114

Contributed by Meenakshi Sundaram, Tennessee Tech University

A 6% coupon rate bond has a face value of $1000, pays interest semiannually, and will mature in 10 years. If the current market rate is 8% interest compounded semiannually, what is the bond's price?

Reference no: EM131807114

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