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A bond has a face value of $1,000, a coupon rate of 8%, and a maturity of 10 years. The bond makes semi-annual coupon payments.
A bond has a face value of $1,000, a coupon rate of 8%, and a maturity of 10 years. The bond makes semi-annual coupon payments. The bonds yield to maturity is 9%. In Excel, the =PV formula can be used to find the price of the bond. Fill in the table with the appropriate values:
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