Question: How would you go about solving a problem like this? A corporate bond matures in 12.5 years and pays a 5.25 percent coupon. what is

How would you go about solving a problem like this?

A corporate bond matures in 12.5 years and pays a 5.25 percent coupon. what is the current value (PV) if the market rate of interest is 6.5 percent?

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