What is the current price of a bond

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Question - What is the current price of a bond, to the nearest dollar, that matures on 31 December 2030. The face value is $10,000, the interest rate is 4%, the required rate of return is 5%, coupon is paid annually. Current date is 01 January 2022.

a. $9,289

b. $9,999

c. $9,227

d. $9,534

Reference no: EM133188339

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