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Please help quick!!! Could not solve You paid $976 for a $1,000 par value bond one year ago. It is a 5% coupon bond with
Please help quick!!! Could not solve
You paid $976 for a $1,000 par value bond one year ago. It is a 5% coupon bond with four years to maturity. You sell it on the first anniversary for a 9% total realized return on investment. What price did you sell it for?
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