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What is the price today for the bond

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Problem 1: 4 years ago, you issued a 30 year to maturity bond that had a 10.63 percent annual coupon rate, paid semi annually. the bonds had a $1,000 face value. since then, interest rates in general have changed and the yield to maturity on the bonds is now 10.07%. given this information, what is the price today for the bond?

Reference no: EM132741857

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