What is the price the bond would currently be trading

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You want to buy a corporate bond for your portfolio. Assume it is the same as every bond we have discussed in class! The annual coupon rate is 5%. It has been four years since it was issued. You require a 7.0742% yield to maturity.

a) What is the par value of the bond?

b) What is the price the bond would currently be trading at?

Reference no: EM132579774

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