Question: Hemaining Timer 10 minutes 21 seconds Question Completion Status QUESTION You are considering the purchase of a $1,000 face value bond issued by ABC company.

Hemaining Timer 10 minutes 21 seconds Question Completion Status QUESTION You are considering the purchase of a $1,000 face value bond issued by ABC company. The bond pays 5 percent coupon interest per year, with the coupon paid sually. The bond matures in 3 years. If the required rate of return r) on this boud is 4 percent. What is the curent value of the bond iv? Round your answer to 2 decimal places) cle Sour Sumit to see Click Save All Austers to all ouers Type here to search

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