Question: A 8 - year, $ 1 0 0 0 face value bond makes annual payments and has a coupon rate of 8 . 9 percent.

A 8-year, $1000 face value bond makes annual payments and has a coupon rate of 8.9 percent.
If the current yield on the bond is 8.7 percent, what is the bond's price?
A 8-year, $1000 face value bond makes annual payments and has

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