Question: A $ 1 , 0 0 0 FedEx Corp. bond has a coupon rate of 4 % , pays interest semiannually, and matures in six

A $1,000 FedEx Corp. bond has a coupon rate of 4%, pays interest semiannually, and matures in six years. If the yield to maturity is 8.75%, what is the bond's value today?

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