What is the current selling price

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Reference no: EM13731921

A $1,000 corporate bond with 10 years to maturity pays a coupon of 8% (semi-annual) and the market required rate of return is a) 7.2% and b) 10%. What is the current selling price for a) and b)? Worked this many ways by many suggestions and I am not sure which is correct. Need to show work.

Reference no: EM13731921

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