Question: A $ 1 , 0 0 0 par value bond was issued one year ago with a coupon of 8 % . The bond has

A $1,000 par value bond was issued one year ago with a coupon of 8%. The bond has five more years until maturity. What is the bonds price today if the required rate of return is currently 9%(please compute once using annual compounding and once using semiannual compounding)?

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