Question: Mirror INC has recently issued bonds with a par value of 1,000 euros (one thousand euros). The coupon rate is equal to 6% and the

Mirror INC has recently issued bonds with a par value of

Mirror INC has recently issued bonds with a par value of 1,000 euros (one thousand euros). The coupon rate is equal to 6% and the yield to maturity is equal to 7.1%. Bonds will mature in four years. Interest is paid annually. Calculate the value of the bond today. Show steps in the reason box. Your final answer should be positive with two decimal points. Answer: Give your reasons

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