Question: You are valuing a $1,000 face amount bond, with 25 years to maturity and a 6% annual coupon rate. If the yield to maturity on

You are valuing a $1,000 face amount bond, with 25 years to maturity and a 6% annual coupon rate. If the yield to maturity on the bond is 5%, what is its current market value?

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b. Commission on sales. All employees would be given a 5 percent commission on all sales. Each salesperson would receive an hourly wage plus the commission.