Question: Five years ago, Grey Ltd issued $ 1 0 0 0 denominations with an original maturity of 1 3 years and a coupon rate of

Five years ago, Grey Ltd issued $1000 denominations with an original maturity of 13 years and a coupon rate of 10%Determine the value today of one of these bonds to an investor who requires a 12% rate of return on these securities.

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