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A 10 percent annual coupon rate bond pays interest semi-annually. Par value is $1,000. It has three years to maturity. Investors' required rate of return
A 10 percent annual coupon rate bond pays interest semi-annually. Par value is $1,000. It has three years to maturity. Investors' required rate of return is 12 percent. What is the price (present value) of the bond?
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