Question: Question 2 (3 points) Saved A bond has a par value of $1,000 and a coupon interest rate of 10%. This bond has a life

Question 2 (3 points) Saved A bond has a par value of $1,000 and a coupon interest rate of 10%. This bond has a life of 12 years. Calculate the price of this bond when the current market interest rate is 8%. Show your work

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