What is the price of a ten-year bond

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What is the price of a ten-year $1,000 par value bond that makes semiannual payments.  Its coupon rate is 4% and the yield to maturity is 5%.

If a bond makes semiannual coupon payments of $30 and its yield to maturity is 6%, what is the price of the bond. How do you know?

Reference no: EM132885748

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