Question: Consider a bond issued in 2010 with a face value of $1,000 by a public company with a maturity date of 2020 at a coupon

Consider a bond issued in 2010 with a face value of $1,000 by a public company with a maturity date of 2020 at a coupon rate of 4.5%. If in 2016, 4 years after maturity, the investor who owned this bond required a rate of return of 8%,

determine the value of the bond to this investor by claiming those securities.

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