Question: . Smirch Corp. issues a 9 - year bond with a face value of $ 1 , 0 0 0 , an 8 % coupon

. Smirch Corp. issues a 9-year bond with a face value of $1,000, an 8% coupon rate, and a yield to maturity of 10%. The bond pays interest semiannually. What is the price of the bond?

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