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The answer is 1800,but I do not know how to get it. I just get 1000. You are provided the following information about a bond

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The answer is 1800,but I do not know how to get it. I just get 1000.

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You are provided the following information about a bond that was issued 7 years ago. The bond has a par value of $1000, has 8 years until maturity, and carries a 10% coupon with interest being paid annually. (a) What is the bond price today if we assume a theoretical discount rate of 0%? (2 marks)

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