Question: A ten - year bond, with par value equals $ 1 0 0 0 , pays 1 0 % annually. If similar bonds are currently

A ten-year bond, with par value equals $1000, pays 10% annually. If similar bonds are currently yielding 6% annually, what is the market value of the bond? Use semi-annual analysis.
 A ten-year bond, with par value equals $1000, pays 10% annually.

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