Question: Bond A has the following features: Face value = $1,000, Coupon Rate = 10%, Maturity = 5 years, Yearly coupons The market interest rate is

Bond A has the following features:

Face value = $1,000,

Coupon Rate = 10%,

Maturity = 5 years, Yearly coupons

The market interest rate is 4.32%

If interest rates remain at 4.32%, what will the price of bond A be in year 1?

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