Question: ddA bond with a $1,000 par value has an 7.25% coupon rate. It will mature in 5 years, and coupon payments are made annually. Present

ddA bond with a $1,000 par value has an 7.25% coupon rate. It will mature in 5 years, and coupon payments are made annually. Present annual yields on similar bonds are 10.5%. What should the current price be;

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