What is the approximate price of a bond if the par value is $1000, annual coupon interest

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What is the approximate price of a bond if the par value is $1000, annual coupon interest rate is 9%, the bond matures in 20 years and the present yield to maturity is 6%?

Posted Date: May 25, 2024 07:01 AM

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What is the approximate price of a bond if the par value is $1000, annual coupon interest

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