Question: How much would you pay for a bond with two years left until maturity (original term was 10 years) which pays a coupon rate of

How much would you pay for a bond with two years left until maturity (original term was 10 years) which pays a coupon rate of 3.1% if your required rate of return is 3.5%? Assume the face value is $1,000 and the bond pays annual interest

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