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can you work out the problem for me step by step please Example: A company has outstanding bonds that make semi-annual coupon payments. If the

can you work out the problem for me step by step please image text in transcribed
Example: A company has outstanding bonds that make semi-annual coupon payments. If the coupon rate is 4%, the par value is $1,000, the yield to maturity is 5%, and the time to maturity is 8 years, what is the current price of the bonds? Answer: $934.72

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