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A $1,000 par value, 10-year bond carries a coupon rate of 9 percent. If the current yield of this bond is 8 percent, its market
A $1,000 par value, 10-year bond carries a coupon rate of 9 percent. If the current yield of this bond is 8 percent, its market price would be what?
I keep gettin $1,067 as my answer but that is not right. Please help :)
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