Question: A bond with a $ 1 , 0 0 0 par value has a 4 percent annual coupon rate. It will mature in 4 years,

A bond with a $1,000 par value has a 4 percent annual coupon rate. It will mature in 4 years, and annual coupon payments are made at the end of each year. Present annual yields on similar bonds are 3.5 percent. What should the current price be?
A bond with a $1,000 par value has a 4 percent

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