What would the market price be for the bond at 4 years

Reference no: EM133332178

Question: A 10-year bond pays semiannual payments and has par value of $1,000. The total annual coupon is $70. If the market rate of interest for this bond moves to 4% exactly three years after issue, what would the market price be for the bond at t = 4 years?

Reference no: EM133332178

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