Question: Consider a 1 0 - year bond with a face value of $ 1 , 0 0 0 and a coupon rate of 1 0

Consider a 10-year bond with a face value of $1,000 and a coupon rate of 10%. If coupon
payments are made semiannually and the current market rate of interest on similar bonds is
8%, what is the price of the bond?

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