Question: Suppose that PPP has a bond issue that has 10 years until maturity. The bond pays a 6% annual coupon rate with semi-annual coupons, and

Suppose that PPP has a bond issue that has 10 years until maturity. The bond pays a 6% annual coupon rate with semi-annual coupons, and has a face value of $1,000. If investors currently want a 4.00% annual return (APR) to hold the bond, what is the trading price of the bond today

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