Question: Question 3: Applebee's issued a 10-year bond, with a face value of $1,000. The coupon rate is 8%. Paid semi-annually. Calculate the bond price after

Question 3: Applebee's issued a 10-year bond, with a face value of $1,000. The coupon rate is 8%. Paid semi-annually. Calculate the bond price after 8 years if the market interest rate is 6%.

Question 3: Applebee's issued a 10-year bond, with a face value of $1,000. The coupon rate is 8%. Paid semi-annually. Calculate the bond price after 8 years if the market interest rate is 6%

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