Question: A $ 1 , 0 0 0 bond has a coupon of 6 percent and matures after ten years. a . What would be the

A $1,000 bond has a coupon of 6 percent and matures after ten years.
a. What would be the bond's price if comparable debt yields 8 percent?
Answer:
annual interest payment: $866
semiannual interest payment: $864
How do you solve this on a financial calculator?
A $1,000 bond has a coupon of 6 percent and matures

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