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What is the current price of the bond

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Question - Company BED is currently issuing a $1,000 face-value hand that has an annual coupon of 6% and matures in 10 years. Interest payments are made annually.

What is the current price of the bond if the yield to maturity is 8%?

$988.74

$941.25

$810.25

$865.80

Reference no: EM131898560

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