Question: 2. Bond A has the following features: Face value = $1,000, Coupon Rate = 3%, Maturity = 7 years, Yearly coupons The market interest rate

2.

Bond A has the following features:

Face value = $1,000,

Coupon Rate = 3%,

Maturity = 7 years, Yearly coupons

The market interest rate is 3.85%

What is todays price of bond A?

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