Question: Western Digital has issued a bond with a par value of $1,000 each and a 5.25% per year coupon. The bonds mature in 8

Western Digital has issued a bond with a par value of $1,000

Western Digital has issued a bond with a par value of $1,000 each and a 5.25% per year coupon. The bonds mature in 8 years and pay interest annually. What is the current value of the bond if the market interest rate is 6.0%?

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