What is the current market price of the bond

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Reference no: EM132001747

Suppose you own a $1,000 face value bond issued by Fun Inc. with a coupon rate of 6% and a maturity of 12 years.

The bond makes semiannual coupon payments. If the current YTM is 5%, what is the current market price of the bond?

Reference no: EM132001747

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