Question: Bond E has the following features: Face value = $1,000, Coupon Rate = 8%, Maturity = 5 years, Yearly coupons The market interest rate is

Bond E has the following features: Face value = $1,000, Coupon Rate = 8%, Maturity = 5 years, Yearly coupons The market interest rate is 3.15% If interest rate remains at 3.15% for the life of the bond (i.e., 3.15 years), what is the price of Bond E in year 5?

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