Question: Use concepts commonly taught in an EMBA program to solve this managerial finance question. A corporate bond has 23 years to maturity, a face value

Use concepts commonly taught in an EMBA program to solve this managerial finance question. A corporate bond has 23 years to maturity, a face value of $1,000, a coupon rate of 5.4% and pays semi-annual coupons. The annual market interest rate for similar bonds is 3.1%. What should the current price of the bond be

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