What will be the fair market price of a 5 year 1000 par

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A 10 year, 6% annual coupon rate, $1000 face value bond iscurrently trading at $1056, the yield to maturity of this bondis? What will be the fair market price of a 5 year, $1000 par value bond that makes semi-annual payments, and has a coupon rateof 8%, and offers a yield to maturity of 7%.

Reference no: EM13572985

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