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Find the price for the bond. Par Value: 1,000 Coupon Rate: 6% Years to Maturity: 20 Yield to Maturity: 5% Price: ?

Find the price for the bond.

Par Value: 1,000

Coupon Rate: 6%

Years to Maturity: 20

Yield to Maturity: 5%

Price: ?

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The price of the bond can be calculated using the following formula Bond Price Present Value Coupon Payment Present Value Maturity Value Where Present ... blur-text-image

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