How much should you pay for a $1,000 par value bond with a 6% annual coupon and

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How much should you pay for a $1,000 par value bond with a 6% annual coupon and five years to maturity if the prevailing interest rate is 4%?

$869.34

$1,956.45

$1,000

$1,089.041

Related Book For answer-question

Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett

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Posted Date: May 16, 2022 12:30 AM

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How much should you pay for a $1,000 par value bond with a 6% annual coupon and

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Financial Markets and Institutions

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