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A bond has a face value of $ 1 0 , 0 0 0 . The bond has a coupon rate of 5 . 0

A bond has a face value of $10,000. The bond has a coupon rate of 5.0% and pays interest annually. The bond matures in 10 years. The yield on the bond is 6.0%. What is the current price of the bond?
$9,256.13
$10,000.00
$10,600.00
$9,263.99
Please explain with excel function.

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