Question: Bond A has the following features: Face value = $1,000, Coupon Rate = 4%, Maturity = 8 years, Yearly coupons The market interest rate is

Bond A has the following features: Face value = $1,000, Coupon Rate = 4%, Maturity = 8 years, Yearly coupons The market interest rate is 3.89% What is todays price of bond A?

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