Question: Bond Valuation. Mark has a Treasury bond with a par value of$10,000 and a coupon rale of 5%. The bond has 11 years to maturity.

Bond Valuation. Mark has a Treasury bond with a par value of$10,000 and a coupon rale of 5%. The bond has 11 years to maturity. Mark needs to sell the bond and new bonds are currently carrying coupon rates of 6%. At what price should Mark sell the bond? The price Mark should sell the bond at is $D. (Round to the nearest cent.) l l l

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