Question: Abond is purchased for $ 1 , 0 1 0 . The bond has $ 1 0 0 0 face value, and the interest is

Abond is purchased for $1,010. The bond has $1000 face value, and the interest is paid semiannually with coupon rate 9.5%. If the bond is sold at the end of three years (six coupon payments), what should the selling price be to yield a 10% return on the investment?

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