Question: A bond has 10 years to maturity, a face value of $1 000 and a coupon rate of 7% p.a. paid semi-annually. What is the

A bond has 10 years to maturity, a face value of $1 000 and a coupon rate of 7% p.a. paid semi-annually. What is the value of the bond if similar bonds are yielding 6%.

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