Question: Click to see additional instructions A coupon bond has three years to matunty, a tace value of 51000 and a coupon rate of 5%. Initially,

Click to see additional instructions A coupon bond has three years

Click to see additional instructions A coupon bond has three years to matunty, a tace value of 51000 and a coupon rate of 5%. Initially, the bond is bought at par. After one year, market yields rise to 8%. What is the price if the bond is sold at that point (Round to the nearest cent) $ Mark for Review was the

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