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Company XYZ has issued a 5 - year bond with a face value of $ 1 , 0 0 0 , a coupon rate of

Company XYZ has issued a

5 -

year bond with a face value of $

1, 000,

a coupon rate of

7 %,

and semi

-

annual interest payments. The current market interest rate is

5 %,

compounded semi

-

annually. find the bond price? show your calculation

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