Question: A bond has a two-year maturity, face value is $1,714 and it pays an annual coupon of 10 percent. What is the price of this

A bond has a two-year maturity, face value is $1,714 and

A bond has a two-year maturity, face value is $1,714 and it pays an annual coupon of 10 percent. What is the price of this bond if the current yield to maturity is 8 percent

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