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Price A $1000 par value bond will mature in 10 years. This bond pays a coupon of $90 every year. If investors require an annual

Price A $1000 par value bond will mature in 10 years. This bond pays a coupon of $90 every year. If investors require an annual return of 6%, what is the current price of this bond? Assume annual payments. What is the price if the required rate of return is 8%? What is the price if the required rate of return is 10%? How is the bond price related to the interest rate?

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