Question: Two years ago, an organization issued a $1,000 face value, 10-year bond. The bond has a yield to maturity of 12 percent and a coupon

Two years ago, an organization issued a $1,000 face value, 10-year bond. The bond has a yield to maturity of 12 percent and a coupon rate of 6 percent. Interest is paid semiannually. The bond presently sells for $.

Calculate to two decimal points using the formula: =PV(rate, nper, pmt, [fv], [type]).

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