Question: Bernard co. has 6% coupon bonds on the market that have 10 years left to maturity. The bonds will make annual payments. If the YTM

Bernard co. has 6% coupon bonds on the market that have 10 years left to maturity. The bonds will make annual payments. If the YTM on these bonds is 4%, what is the current bond price (in $ dollars)? (Assume the face value of the bond is $1,000) $________.

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