Question: 2) Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 8%. The bond has a life of 15

2) Ruby Tuesday's just issued a bond with a $1,000 face value and a coupon rate of 8%. The bond has a life of 15 years, pays annual coupons, and the yield to maturity of the bond is 7%. What price will the bond sell for?

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