Question: The following question is based on a $1,000 face value coupon bond with a coupon rate of 2%. What price would the bond sell for

The following question is based on a $1,000 face value coupon bond with a coupon rate of 2%. What price would the bond sell for if it had three years to maturity and the yield to maturity on the bond is 4%? Please clearly show your formulas and steps of calculation of the price. Please clearly show your formulas and the values of the components in the formulas to calculate the price. Even if your answer is correct, if you don't show how you calculated by using the correct formulas and their components, you cannot get a credit. HTML Editora B IV AA-I E 1 1 x x e W TT 12pt Paragraph

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