Question: With steps / small explanation if possible please What is the price of a bond with a coupon rate of 4%, payable annually, a face

With steps / small explanation if possible pleaseWith steps / small explanation if possible please What is the price

What is the price of a bond with a coupon rate of 4%, payable annually, a face value of $1000, 7 years to maturity, and a yield to maturity of 4.8%? Enter your response below. Enter your answer to 2 DECIMAL PLACES. Number

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