What would be the price of the bond today in 2019

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Problem: Imagine that in 2007 you purchased an Amazon $1000 face value bond with a fixed annual coupon rate of 4.5% which matures at the end of 2020. Currently it is the end of 2019 and the bond has a yield to maturity of 5%. What would be the price of the bond today in 2019? Please provide the complete solution of this problem.

Reference no: EM132433897

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