Question: PLEASE NO EXCEL SOLUTIOM Consider a bond: Par value $1000, 8-year maturity, coupon rate 8%, coupon paid semiannually. Assume that the annual discount rate is

PLEASE NO EXCEL SOLUTIOM

Consider a bond: Par value $1000, 8-year maturity, coupon rate 8%, coupon paid semiannually. Assume that the annual discount rate is 10%, what is the current price of the bond?

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