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What would be the price of the bond

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Reference no: EM133113692

What is the current yield on a bond that pays $75 in interest annually and was purchased at a price of $975.25

You purchased a $1,000 bond that matures in 10 years and pays interest at a rate of 5%. If current interest rates are 6.15% what would be the price of the bond?

Reference no: EM133113692

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