What is the price of the bond today

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Reference no: EM131072683

Over the past year (from 1 year ago to today), the inflation rate was 5.85 percent, the risk-free rate was 7.47 percent, and the real rate of return for a bond was 9.94 percent. The bond was priced at 1,198.72 dollars one year ago, pays annual coupons of 51.31 dollars, and just made a coupon payment. What is the price of the bond today?

Reference no: EM131072683

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