Question: How much would you pay for a 5 year, 4% coupon bond if you want a return of 9% on your investment? Assume the bond

How much would you pay for a 5 year, 4% coupon

How much would you pay for a 5 year, 4% coupon bond if you want a return of 9% on your investment? Assume the bond has a par value of $1,000 and pays coupons annually

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