Question: ABC Ltd issued a bond with a $2,000 face value, 8 (8) years to maturity and annual coupon of $50. The yield to maturity is

ABC Ltd issued a bond with a $2,000 face value, 8 (8) years to maturity and annual coupon of $50. The yield to maturity is 10%, what price would the bond sell for? Is this a good Investment? Justify your answer.

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