Question: Assume PLIPDECO issues a $1,000 face value bond with a coupon rate of 6% that pays interest annually and matures in 5 years. If the

Assume PLIPDECO issues a $1,000 face value bond with a coupon rate of 6% that pays interest annually and matures in 5 years. If the bonds yield to maturity is 8%, what is the bond's value today?

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