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FINANCE QUESTION: A five-year bond has a par value of 1000, a coupon of 3%, and a required yield of 5%. What should be the
FINANCE QUESTION: A five-year bond has a par value of 1000, a coupon of 3%, and a required yield of 5%. What should be the market price of this bond? Don't just post the answer, but also show work done.
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