Question: (DONT SEND ME IN IMAGE FORMAT) 5.5. A bond with six years left to maturity has a coupon rate of 9% and a par value

(DONT SEND ME IN IMAGE FORMAT)

5.5. A bond with six years left to maturity has a coupon rate of 9% and a par value of $1,000. How much will you be willing to pay for the bond if you require an annual rate of return of 12%

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